Australian milk production for the 2016/17 season totalled a little over 9000 million litres compared to the 9680 million litres produced during the 2015/16 season, a fall of 6.9%.
While the world market for dairy products is in much better shape going into the 2017/18 southern production season, there are still a few risks that may weaken milk prices for Southern Australian dairy farmers.
It’s strange times for the global dairy market, and one of the crazier things we’re seeing is how the butterfat market has performed lately.
It’s been widely reported by now that dairy markets are in a somewhat balanced phase.
The Australian dairy export index continued to recover some of its recent lost ground over the past couple of months, with stronger commodity prices and a weaker Australian dollar.
GLOBAL dairy market analysts Freshagenda have released their latest forecast for 2016/17 and 2017/18 farmgate milk prices in southern Australia, and say the news is positive for farmers.
THE Australian dairy export index fell at the end of the first week of 2017 after four consecutive weekly rises, due to weaker WMP prices and a stronger Australian dollar.
THE Australian dairy export index rose to its highest point since 14 April 2014 this week, reflecting stronger commodity prices and a weaker Australian dollar.
THE dairy industry is the pessimistic standout in an otherwise optimistic Australian agricultural sector.
THE Australian dairy export index retreated slightly this week, down 0.7% due to a higher Australian dollar and despite stronger butter prices.
Fonterra China delivered strong results on China’s Double 11 sales day.
THE upheaval in senior ranks continues at embattled processor Murray Goulburn with the departure of Chief Operating Officer Fiona Smith.
A surge in infant formula sales to China has driven a big increase in revenue for the a2 Milk Company.
The Australian dairy export index jumped this week, a weaker Australian dollar combining with mostly higher commodity prices to add 9%.
THE trade in dairy products has suffered a number of massive blows in the last three years and is set to continue face headwinds going forward.
THE Australian dairy export index rose 1.6% this week, reaching its highest point since March 2015, but it was all due to a weaker Australian dollar, as commodity prices were unchanged.
THE Australian dairy industry entered the 2016/17 season with a huge number of variables on the move.
FOR most of the past year, dairy market watchers, including us, have been focussed on the EU and to a lesser extent New Zealand.
A 20 PER CENT surge in whole milk powder (WMP) helped drive prices up 11.4% at this week’s GlobalDairyTrade auction.
WHILE demand from China and ASEAN countries for Australian milk continues to grow, export margins have been squeezed and could potentially tighten further, according to a recently-released industry report.
THE Australian dairy export index dropped 0.3% this week, on the back of weaker WMP and Cheddar prices and despite a weaker currency.
THE ANNOUNCEMENT that Van Diemen’s Land Farms (VDL Farms) plans to export about 10 million litres of Tasmanian milk directly to China is good news for dairy farmers, according to the state’s peak industry body.
THE Australian dairy export index rebounded by 1.3% this week, on the back of stronger milk powder and butter prices and a weaker currency.
Global dairy prices have risen in the latest Global Dairy Trade (GDT) auction overnight.
Executive director of the Global Dairy Platform, Donald Moore, recently told an Australian audience that the biggest future threat to the world dairy industry could be synthetic milk.
TWO New Zealand companies Lewis Road Creamery and Whittakers have teamed up to deliver what must be every dairy lover’s dream: chocolate butter.