Australian milk production increased by 2.2% in December and 2.1% for the season, leading major global dairy exporting regions alongside New Zealand's 0.9% rise in milk production.

Australian milk production increased by 2.2% in December 2021 and 2.1% year-to-date compared to the previous year, according to Dairy Australia. New Zealand experienced a 0.9% increase in milk production during the same period. Despite this growth, Australia's dairy exports dropped 10.5% in volume and 10.3% in value for the financial year to November 2021. Global dairy commodity prices are anticipated to improve in 2024, according to Rabobank.

February 05, 2024
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