DA Forecasts Less Milk In 2024/25

DA Forecasts Less Milk In 2024/25

by | Dec 5, 2024 | Australia, Forecast

Dairy Australia (DA) continues to forecast a slight drop in national milk production to 8.3bn litres in 2024/25. While output has been ahead so far this season, drier conditions, reduced incomes and longer-term challenges around labour and farm exits will constrain...
DA Forecasts Less Milk In 2024/25

Higher Grain Yields, Tight Milk Expected

by | Oct 10, 2024 | Australia, Forecast

latest monthly Rural Bank Insights commodity reports highlight lower yield expectations for crops and milk production. National wheat production for is tipped to fall to around or below 30mt for the 2024/25 season. Frost damage and dry weather at the beginning of...
DA Forecasts Less Milk In 2024/25

Consumer Pessimism Bites

by | Sep 12, 2024 | Australia, Forecast

The latest Westpac-Melbourne Institute Consumer Sentiment index slipped 0.5% to 84.6 in September, from 85.0 in August. Westpac said consumer pessimism continues to dominate as it has done for the past two years, however, focus is shifting. Cost-of-living pressures...
DA Forecasts Less Milk In 2024/25

Rural Bank Expects Milk Drop

by | Sep 12, 2024 | Australia, Forecast

Rural Bank expects milk production to decline marginally to 8.3bn litres in 2024/25 compared to the prior season. According to the bank’s latest outlook, seasonal conditions have been positive in eastern states with good pasture growth and steady fodder costs....
Rabo Tips Milk Growth

Rabo Tips Milk Growth

by | Sep 5, 2024 | Australia, Forecast

Rabobank expects Australian milk output to grow 1.5% YOY in the 2024/25 season.  Milk output rose 3.1% YOY in the 2023/24  with all states and regions recording growth, except Western Victoria where dry conditions constrained production. RaboResearch senior dairy...