Domestic Market Updates
Track Australian dairy market updates for some of the latest developments in production, trade and retail sales.
Drought Worsen
Recent rainfall dumped 80mm of rain across the north and east of Victoria with the downpour missing drought-affected farmers in south-west Victoria. Farmers in the state’s south-west report heavy cracking soils with very low subsoil moisture. There have been record...
Australian February Milk Output Falls
Milk production declined year-on-year in February, down 4.8%, and - 1.4% YOY in leap year-adjusted terms. Production was down across most states. In Victoria, output declined 5.9% YOY for the month, with Gippsland intake down 7.2% YOY, Western Vic was -9.4% YOY and...
Mainland Pitch To Investors
Mainland chief executive Rene Dedoncker was pitching to equities fund managers in Sydney and Melbourne this week. The aim is to get an IPO bid for Mainland—a priced listing underwritten by investment banks and/or institutional investors to compare to trade and...
Farmers Dump Milk Post-Ex Tropical Cyclone
Dairy farmers across NSW and Queensland were reportedly dumping milk in the wake of flooding caused by ex-tropical cyclone Alfred. Norco farms located in the area affected by residual flooding were forced to dump 375,000 litres of milk. Norco CEO Michael Hampson...
Australian Exports Up In January
Australian exports rose 42% YOY in January in milk solids equivalent terms (MSE), and have increased YOY in every month since December 2023. January cheese exports rose 34.4% YOY, with growth in all key Asian markets led by Japan, but the tonnage was lowest since...
Consumer Sentiment Hits Three-Year High
The monthly Westpac-Melbourne Institute Consumer Sentiment index lifted to 95.9 in March, up from 92.2 in February. The reading was the highest recorded in three years, boosted by the Reserve Bank interest rate cut announcement and easing cost-of-living pressures....
TC Alfred Hits Dairy Regions
Strong winds and lashing rain unleashed across southeast Queensland and northern NSW last weekend with tropical cyclone Alfred downgraded to a tropical low before landfall Saturday. In northern NSW dairy regions, 300mm of rain was recorded in less than 24 hours on...
Investor Launches Dairy Strategy
Warakirri is launching an own-and-operate dairy strategy for Australian and New Zealand markets. The $500m dairy fund has been launched as its PSP partnership wraps up. The strategy is expected to deliver returns exceeding 10% per year through investment in a...
ABARES: Dairy Productivity Stalls
Australian dairy productivity peaked in 2010/11, but has since declined, with an average annual growth rate of -0.04% from 2011 to 2022/23 according to ABARES analysis. Prior to the peak productivity averages 2%, partly due to increased mechanisation and technology...