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 #409 Index Marginally Higher
The GDT Index rose 0.1%, with mixed trends across commodities. North Asia returned as the leading buyer at this event, and the Middle East increased its share of purchases across the board compared to the same auction last year. Milk supplies are comfortable and...
China’s Milk Supply Continues to Slow
milk production declined 5.8% YOY in June according to the latest China Dairy Monthly Report. This was the sixth consecutive monthly decrease, with milk production estimated at 34.02bn kg over the last year. Liquid milk consumption was +4.0% YOY for the month,...
Fonterra Milk Collections Grow
In its latest Global Dairy Update Fonterra reported year-over-year increases in milk collections in June due to favourable pasture conditions and feed availability. Milk production rose 1m kgMS YOY to 14.0m kgMS in the North Island, while milk collections in the South...
Aussie Dollar Jumps Higher
The Australian dollar spiked in value by 0.67% toward the end of last week to its highest weekly close in seven weeks. While the war in Iran has weighed heavily on the global economy, news that the US Treasury had jointly intervened with Japan to prop up the yen for...
Domino’s Makes Big Changes
Domino’s closed 29 stores and ended some customer deals like $5 pizzas on Friday nights in an effort to protect franchisee profits following a massive financial hit. This came after the Australian branch of the global chain revealed significant losses ahead of its...
French Milk Continues to Decline
In the latest available data for week 28 (ending 18 July 2026), French milk output fell 1.9% YOY. That was the fourth consecutive weekly decline, and volumes were down relative to the prior week. The overall contraction masked mixed trends across regions, but Normandy...
Pulse Prices Moved Lower
At this week’s GDT Pulse event, butter settled lower, averaging US$5,265/t, down –2.0% from GDT #408 and –0.9% from the last GDT Pulse. The average WMP price settled at US$3,435/t, down –0.3% from last week’s GDT Auction but up +0.7% from the previous Pulse event. SMP...
Top 5 Milk Production to Grow 1.6% in 2026
According to USDA’s latest “Dairy: World Markets and Trade” report, milk supply from the top 5 global exporting countries is projected to increase 1.6% in 2026, reflecting increases across all suppliers. The US has the largest herd in more than 30 years, but...
Inflation Eases in June
Australia’s annual pace of inflation eased more than anticipated in June, possibly cooling near-term expectations for an interest rate hike. The consumer price index rose 3.8% in the 12 months to June, down from 4% in May, according to the Australian Bureau of...
Pulse Prices Mixed
This week’s GDT Pulse event was mixed for powders and fats. The average WMP price settled at US$3,410/t, rising +0.6% from last week’s GDT #407 but -2.2% lower than the previous Pulse event. SMP averaged US$3,120/t, rising +0.6% on prices achieved at GDT #407 and...
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