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Australian Dairy Update

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The latest Ag Answers Australian Dairy Update has been released, showing that despite softening global dairy prices, the volume of Australian milk powder exports have increased 16.5 per cent year-on-year - for the July to August period - due to increased demand from Malaysia and China.

Rural Bank’s Ag Answers team is now forecasting a 43 per cent increase year-on-year in the volume of Australian milk powder imported by China for the calendar year of 2017.

View the report (PDF, 692KB)

Published 30 October 2017

Australian Dairy Annual Review

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Ag Answers has released the 2016/17 Australian Dairy Annual Review. There are signs of recovery for the dairy industry, but we are not out of the woods yet. Informed decision making is key to navigating dairy industry volatility and turbulence. With information provided by AgAnswers farmers will be better placed to make evidence-based decisions for their business into the medium and long term.

The Bank’s message follows the launch of its Australian Dairy Annual Review, which showed some signs of recovery for the sector. Launched by specialist insights team Ag Answers – the report includes data and outlooks on production in Australia and globally, seasonal conditions, prices, demand and the financial performance of Australian farms.

View the report (PDF, 725KB)

Published 27 June 2017

2016 Australian Dairy Update

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The Ag Answers Australian Dairy Update reports that Australia’s dairy sector is gradually showing some positive signs following a challenging period. 

The Global Dairy Trade Index has reached its highest point in almost two years, skim milk powder has fetched its highest average price since April 2015, and cheese prices have followed suit. However, the recovery of the sector is proving to be a slow one – national milk production and supply are both down and dairy exports are also in decline. 

The Australian Dairy Update provides producers and industry with a concise quarterly analysis of trends impacting the Australian dairy sector, including rainfall, price, production and global and domestic demand, and identifies potential opportunities in the year ahead.

View the report (PDF, 610KB)

Published 23 December 2016

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