Dairy Australia’s September 2022 Dairy Situation and Outlook report shows the season is gaining momentum. Milk production is expected to remain stable this season, and farm-off-the-farm prices are expected to remain high, according to the report.

Weather and labor remain issues for the industry. A third consecutive La Niña event is likely, which could boost domestic forage production, but wet conditions are likely to continue for farmers already receiving more than normal rainfall. will be a challenge.

The world’s milk pool is projected to shrink due to drought, rising input costs and runoff from northern hemisphere farms. This could create opportunities for Australian exporters.

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Source: Dairy Situation and Outlook report