Domestic Market Updates
Track Australian dairy market updates for some of the latest developments in production, trade and retail sales.
Check out the video for regular developments in dairy markets that affect milk prices in Australia.
Saputo Flags New Season Price Range
Saputo has offered an early guidance range for the 2024/25 season, flagging a weighted average opening farmgate milk price of between $7.80 to $8.00 kgMS. Saputo expects opening farmgate milk prices will be reduced to factor in ongoing global and domestic market...
Less Winter Rainfall Forecast
Unusually low rainfall for parts of southern and eastern Australia is part of the long-range outlook from the Bureau of Meteorology (BoM). Temperatures are expected to be above median for most of the country. Soil moisture is below average in southern parts of...
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.
Saputo workers walk off
Workers at Saputo’s Burnie cheese plant have walked off the job, with the Australian Manufacturing Workers Union (AMWU) claiming maintenance workers at the site are paid 21% less than their mainland counterparts. The AMWU puts the gap between Tasmanian and mainland...
Cattle Market Steadies
Cattle markets have steadies in 2024 after the wild swings of 2023 and 2022. The EYCI is still weaker than YOY, but according to Mercado better prices are likely over the coming weeks, with current fundamentals it making “prices tanking in the same fashion they did...
Warmer Oceans Influencing Weather Outlook
Below median rainfall is expected for some regions in the south, with equal chance of above and below median rainfall for most of the country from May to July The Bureau of Meteorology (BoM) latest long-range forecast is for warmer than median temperatures for almost...
Victoria Agrees to Revamped MDB Plan
After refusing an extended $13bn Murray-Darling Basin Plan (MDBP) last year, Victoria has changed its tune, while affirming the state’s stance against voluntary water purchasing from farmers. By agreeing to the plan, Victoria’s water minister Harriet Shing has...
Review Calls for Mandatory Supermarket Code
An interim report recommending a mandatory code of conduct for supermarkets with hefty financial penalties for breaches has been delivered to the Australian Government. The review recommended current voluntary guidelines be made into legally-binding obligations....
Consumer Sentiment Stays Negative
After rising sharply earlier this year, consumer sentiment is falling, recording its second consecutive fall in April. The Westpac-Melbourne Institute consumer sentiment index declined 2.4% points from the prior month to 82.4 in April. It’s the longest time the index...
Lactalis to close Echuca site
Lactalis will close its Echuca factory, putting more than 70 jobs at risk. However the French-owned company will invest $85m over the next three years in its other Victorian sites. A detailed review of operations led to a plan for one regional hub in the state, and...