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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.
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La producción de leche australiana aumentó un 2,2% en diciembre y un 2,1% durante la temporada, liderando las principales regiones exportadoras de lácteos a nivel mundial junto con el aumento del 0,9% en la producción de leche de Nueva Zelanda.