Market Updates – Domestic & Global
This page contains latest global and domestic market updates that are relevant to the value of milk in the Australian dairy industry. These also appear in separate updates on this site under Domestic Market Updates and Global Market Updates.
GDT Index Declines
GDT event #382 was the third consecutive event with a decline in the overall index, down 1.0%. Fats were mixed and the volatile cheddar trade reversed some of the recent losses. WMP again took the heavier hit of the powders, down 2.8% for CP2 for the 3rd event in...
NZ Milk To Marginally Increase
NZ milk production will increase slightly to 21.7bn kg in 2025 according to a new USDA GAIN report. Short-term factors affecting milk trends are strong farmgate milk prices and low interest rates, but New Zealand’s dairy sector continues to adjust to structural...
Report: Buybacks Could Devastate Dairy
A report has found water buybacks in the Southern Murray-Darling Basin could significantly reduce milk production between 3% and 15% in the region. The report commissioned by Dairy Australia has analysed impacts in dairy farm businesses, processors and local economies...
USDA: Australian Milk Production Projected to Decline
Australian milk production will decline to 8.6mt in 2025 following a 2.3% increase during 2024 according to the latest USDA GAIN report. The expected contraction this year is due to dry weather conditions in Southwest Victoria and South Australia, which will only...
Bega Wants Informal ACCC Clearance
In an ASX-announcement, Bega Group says it advised the Australian Competition and Consumer Commission (ACCC) of an intention to lodge an application for an informal merger clearance of its potential acquisition of Fonterra Oceania. Bega is not shy about its intentions...
Pulse Prices Tumble
This week’s Pulse continued the trend set by GDT #381 WMP and SMP with medium heat SMP and regular WMP prices down. Regular WMP lost US$150/t or 3.7% from last week’s GDT #381, settling at US$4,030/t. The settled price was 3.6% lower than the price achieved at the...
EU Milk Up 1.1% in April
EU milk production increased 1.1% YOY in April 2025 or 144mn kg according to Eurostat and AGEA estimates. The overall YOY increase was despite Germany production falling 1.1%, the lower intake in the Netherlands (-0.1% YOY) and Belgium (-2.6% YOY). Milk collection...
Maggie Beer Sells Off Dairy Assets
Katoomba Global Foods is acquiring Maggie Beer’s Paris Creek Farms for $500,000 as the company disposes of non-core assets. Paris Creek Farms produces milk, butter, cheese and flavoured yogurt. Maggie Beer announced the sell off in an ASX filing saying the sale...
Consumer Mood Rose in June
The Westpac-Melbourne Institute consumer sentiment index rose to 92.6 in June, up from 92.1 the month before. Despite sitting 10.8% above the prior year, pessimists still outnumber optimists with the reading below 100. Consumer attitudes towards major purchases have...
Rain Falls Across Dry Areas
Over the weekend, much needed rain fell across Australia’s southeast with eastern SA received at least 10mm and parts of Victoria more than 25mm. Inland in western Victoria, 80mm of rain was reported while other areas in the state’s west noted rainfall of 44mm. The...
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