Situation & Outlook
Dairy Australia's Situation and Outlook report provides expert analysis and unbiased insights on the latest domestic and international dairy market trends.
The latest Dairy Australia Situation and Outlook report indicates that the 2025-26 season unfolded against a complex backdrop of global supply growth, volatile input costs and shifting demand dynamics. International milk production expanded and domestic on-farm conditions fluctuated.
Nevertheless, Australian dairy benefited from periods of farmgate pricing resilience, recovering milk production and stable consumer demand, leaving the industry entering the outlook period on firmer footing than earlier in the 2025-26 season. However, the momentum in milk production into the outlook period remains at risk of being halted by the escalating conflict in the Middle East, which is placing upward pressure on input costs and inflation.
Current report
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