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Australian Dairy Annual Review 2018

Dairy Annual Review 2018

Categories: Dairy, Commodities, General

This year's Australian Dairy Annual Review has been released and forecasts a positive outlook for growth and profitability in the sector, albeit advising this may be tempered by forecasted limited rainfall.

Australian milk supply rose in 2017/18, however supply didn’t keep up with demand.  If the increasing demand for Australian dairy products is met it could equal improvements in farm gate milk prices with a forecasted average milk price of $6.10/kg MS in 2018/19.

Global dairy prices should continue to improve with international exports of milk powder continuing to drive value in China and emerging markets Thailand and Japan.

> View the report

Source: Rural Bank

 

Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank Limited ABN 74 083 938 416 AFSL 238042.