2023-24 Australian milk production rose 3.1% in key states, with varying forecasts for 2024-25.
Australian milk production grew by 3.1% in 2023-24, driven by increases in New South Wales, Tasmania, and Victoria, while Western Victoria saw a slight decline. For 2024-25, forecasts vary: Rabobank predicts a 1.5% increase, whereas Dairy Australia expects a slight decline. Challenges such as lower farmgate prices and weather conditions may impact production, maintaining a national milk pool of about 8.3 billion liters. Global supply from major exporters is projected to rise modestly.
September 02, 2024
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