Situation and Outlook

Dairy Australia's quarterly Situation and Outlook report provides expert analysis and unbiased insights on the latest domestic and international dairy market trends.

The May 2024 report forecasts national milk production to grow slightly, ending the 2023/24 season two to three per cent higher than the previous 2022/23 season. 

Farmer confidence in the Australian dairy industry is currently in its most stable period in a decade. Australian dairy farmers have been largely insulated from global dairy market pressures this season, with several factors providing grounds for profitability. 

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