Australian March Milk Production Lifts

Australian March Milk Production Lifts

Milk output rose 2.8% YOY in March according to Dairy Australia.  In Victoria, production rose 4.2% YOY for the month bringing seasonal output 2.6% ahead of the comparable. Output jumped +7.9% YOY in the state’s north, while production in Gippsland lifted +5.9% YOY in...
Australian March Milk Production Lifts

Fonterra’s Milk Intake Lifts

Fonterra’s  March milk intake rose 0.7% YOY to 8.5mkg of milksolids as favourable weather boosted soil moisture and pasture growth. Season-to-date milk collections are tracking 1.2% ahead of the prior year at 83.3mkg of milksolids....
Australian March Milk Production Lifts

Australian milk up 8.7% in February

National milk production rose 8.7% YOY in February, bringing season to date output 3.1% ahead. In releasing the data, Dairy Australia noted the impact of a an extra day to February collections, with the leap year adjusted increase around 5%.  Victoria led the way, up...
Australian March Milk Production Lifts

Dairy Australia much more upbeat

Better than expected weather conditions and a supply-led rebound in commodity values have fed current optimism, lifting current season milk production 1% against flood-affected comparables.      Reduced on-farm debt has reduced exposures to high interest rates, while...
Australian March Milk Production Lifts

January milk lifts 4.9%

Milk production rose 4.9% YOY in January, bringing season-to-date production 2.5% ahead of the prior year, according to Dairy Australia.           Victorian production lifted 5.7% YOY in January, taking output 1.8% ahead of the prior year on comparable. Strong growth...
Australian March Milk Production Lifts

Australian exports rebound in December

Australian exports were up 0.2% in the first six months of the 2023/24 season in milk solids equivalent (MSE) , led by increases in cheese, milk powders, butter and dry whey. Cheese exports rose 10.6% YOY in December– this mostly reflected stronger sales in China...