Want to find out how farmgate milk values are determined by processors in Australia? Check out this page.
Differences in farming systems can have an impact on the price outcome, even within a region. Find out more.
Learn more about the current season and influences on this season’s farmgate milk prices.
Latest Australian Update
Warm, Dry Spring Ahead
The Bureau of Meteorology released its Spring climate and weather outlook. Below average rainfall is expected through September, but this will shift as Spring progresses. Above average rainfall is forecast for much of the western half of Australia, while parts of the...
July Retail Sales Above Expectations
Australian retail turnover reached $39.13bn in July, a 6.6% YOY increase, an 8-month high and well-above long-term trends. The positive results likely reflect good weather for the month and were helped by the FIFA World Cup. Total food sales reached $15.38bn, up 5.5%...
Australian Inflation Remains Sticky
Australian headline inflation eased to 3.5% in July from 3.8% in June, coming in above economists’ expectations. Underlying inflation remains high at +3.6% annually, while the monthly trimmed mean rose 0.5%, increasing concerns that inflation is not returning quickly...
Latest Global Update
GDT Index Lifts
The GDT Index rose 0.9% at event #411, creeping up to mid-June levels despite seasonally higher volumes offered. Fonterra Regular WMP C2 held steady at US$3,555/t. Fonterra MH SMP C2 increased 5.8% to US$3,665/t, nearly US24c below the...
Fonterra Sets July Milk Output Record
In its latest Global Dairy Outlook, Fonterra reported that July production rose 8% year-over-year to 22.4m kgMS — a new high for July. Season-to-date (June-July) collections are +7.4% above the season prior, keeping in mind that June and July output represent less...
Pulse Powder Prices Gain
This week’s Pulse event was positive for powders. Regular grade NZ WMP settled at US$3,610/t, +1.5% higher than GDT #410 and +2.8% on the previous Pulse settle price. Instant NZ WMP also gained from the last event, up US$100/t to US$3,705/t. Medium heat SMP prices...
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