Domestic Market Updates
Track Australian dairy market updates for some of the latest developments in production, trade and retail sales.
Check out the video for regular developments in dairy markets that affect milk prices in Australia.
BoM predicts less rainfall
The latest long-range forecast from the Australian Bureau of Meteorology (BoM) projects below average rainfall is likely for parts of the southeast as well as the west and north of Australia. Warmer than usual days and nights are forecast for most of the country....
Sentiment weakens in January
Cost of living and interest rates continue to dominate consumer sentiment, which weakened 1.3% in January according to the Westpac– Melbourne Institute Consumer Sentiment Index. The continued pessimism is despite a notable easing in fears about further...
Milk output rose in November
Milk output rose 6.3% YOY in November against low comparables in Victoria, NSW and Queensland. November 2022 production was down 10% YOY nationally. Season to date output is tracking 2.1% ahead of the prior year, according to Dairy Australia data. November production...
BoM: Warmer, drier summer ahead
The latest long-range forecast from the Bureau of Meteorology (BoM) is for below median rainfall across areas of the north, west and south of Australia with above median temperatures for most of the country from January to March. Low streamflows are likely across most...
Buyback uncertainty for irrigators
Increased buybacks allowed for in the federal government’s Restoring Our Rivers Bill is leaving the Murray River Group of Councils (MRGC) “massively exposed and disappointed following a recent meeting with the Murray-Darling Basin Authority. Councils will be...
Australian milk production rise in October
National milk production rose 2.0% YOY in October on according to Dairy Australia. Most states recorded increase in milk production in October on a flood affected prior year comparative. In Victoria, production rose 1.2% YOY for the October, with year-to-date...
Smaller grain crop
The latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) projects total Australian winter crop production to fall 33% compared to last year’s record output of 46.1mt. The forecast is slightly below the 10-year...
Pure Dairy invest $100m in conversion facility
Melbourne-based Pure Dairy, a supplier of US cheese to the Australian food sector, has announced a $100m investment to build a dairy conversion facility in Dandenong near Melbourne. The facility is scheduled to open in early 2024, creating 450 new jobs and is...
DA: Milk production steady
Australian milk production is likely to remain steady for 2023/24 according Dairy Australia (DA). Despite El Niño conditions drying out some regions, but DA point to reduced cow culling and live heifer exports as supportive of milk production. Season to date...
ACCC approves dairy factories sales
The Australian Competition and Consumer Commission (ACCC) has approved Saputo’s sale of two factories—one in Victoria and one in NSW—to Coles after considering the effect of the proposed acquisition on raw milk markets in NSW, Victoria and South Australia. ACCC found...