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.

No end to EU price hikes?

No end to EU price hikes?

Official EU prices have lifted for 13 consecutive weeks with butter prices in all three major markets remaining above €5,000/t. In Germany butter rose €50/t €5,350/t, while Dutch butter rose €120/t to €5,340/t and French butter was on par with the week prior, selling...

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Hay supply and demand in balance

Hay supply and demand in balance

Hay production is tipped to drop between 40% and 50% this year with good cropping conditions, but demand is likely to down around the same amount according to a Feed Central. In their November Market Report Feed Central note that there wasn’t an undersupply with a...

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Hay supply and demand in balance

Dairy advocacy group merger approved

The long-foreshadowed merger of NSW and Queensland dairy advocacy groups into eastAUSmilk is complete. Members of Queensland Dairyfarmers’ Organisation (QDO) voted in favour of constitutional change, which will facilitate the merger with NSW-based Dairy Connect...

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GDT surges on bullish sentiment

GDT surges on bullish sentiment

The continuing bullish settings in the world market that have changed little in recent weeks converted into the biggest lift in the GDT index of 4.3% since March this year. SMP jumped 6.6% on average to US$3,627/t across all products with consistent changes across...

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No end to EU price hikes?

Milk down 2.9% in Sept

September milk output was down 2.9% YOY according to Dairy Australia. The fourth consecutive monthly decline reflects wet winter and early spring in southern regions. Milk production in Victoria fell 3.7% YOY in September, taking year to date collections 4.1% behind...

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Wet, wet, wet

Wet, wet, wet

The November to January outlook released by the Bureau of Meteorology is for above median rainfall for much of the eastern two-thirds of the country, while western Tasmania is likely to be below median. New “chance of extreme climate outlooks” indicate November to...

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Wet, wet, wet

NIWA moves to La Niña alert

A progression toward La Niña conditions occurred in the equatorial Pacific during October and NIWA has moved to La Niña Alert. Temperatures are very likely to be above average across Aotearoa New Zealand (65% chance) with a period of particularly warm conditions from...

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No end to EU price hikes?

New Zealand September milk drops

DCANZ reported New Zealand milk production dropped 4.0% YOY in milksolids terms in September and was down 4.4% in volume terms. Cold, wet weather, and low light levels slowed pasture growth. NZX dairy analyst Stu Davison said that both energy levels of pasture and dry...

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No end to EU price hikes?

Milk production up 0.2% in September

Milk production expanded 0.2% in September according to the USDA. The increase was the smallest in 16 months and followed a revised 0.6% YOY growth in August. Cow numbers were massively revised - the national milking herd declined again in August, down 25,000 head...

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