Fonterra milk intake down in August

Fonterra milk intake down in August

Fonterra Australia milk collection fell 1.4% YOY in August to 6.8m kg of milksolids on lower third-party collections. Season to date output is tracking 1.6% higher than the prior season at 12.4m kg of milksolids, mainly due to recruitment of new suppliers in the...
Fonterra milk intake down in August

Cheese output up, everything else down

Cheese was the focus for Australian dairy companies with milk for manufacturing down an estimated 6.6% in 2022/23. Cheese production rose 0.7% YOY for the season, despite a 3.4% decline for cheddar, while there were large declines for milk powders and fats. SMP and...
Fonterra milk intake down in August

July milk edges higher

Australian milk production was flat in the first month of the 2023/24 season according to Dairy Australia, lifting 0.1% YOY in July. Despite lifting marginally YOY July production is down 7.2% compared to the 2021/22 season. Milk production rose in most states, except...
Fonterra milk intake down in August

Milk production down 5% in 2022/23

June milk output rose 1.2% YOY, taking the 2022/23 season 5% behind the prior season at 8.13bn litres according to Dairy Australia. June production was positive across most states except Queensland and WA down 0.8% and 0.2% YOY respectively. In Victoria, June milk...
Fonterra milk intake down in August

Australian exports continue to slide

There were negative trends in Australian exports in the 2022/23 season across all product categories we track except for lactose. We estimate milk solids equivalent (MSE) shipments were down 20% in this period – a far greater decline than local milk production, led by...