Quarterly Australian Milk Production Update – Apr ’20
Executive Summary Australian milk production figures provided by Dairy Australia were recently updated with values spanning through the end of the first three quarters of the ’19-’20 production season. Highlights from the updated report include:
- Australian milk production increased on a YOY basis for the fourth consecutive month during Mar ’20, finishing up 7.1%. The Mar ’20 YOY increase in milk production volumes was the largest experienced throughout the past five years on a percentage basis.
- Recently experienced low pasture volumes and supplementary feed on hand contributed to the Australian dairy cow herd contracting by 3.3% throughout 2019, finishing at the lowest figure on record. USDA expects the Australian dairy cow herd will decline by an additional 1.7% throughout 2020.
- Australia is the fourth largest global dairy exporter, accounting for 5.2% of combined butter, cheese, nonfat dry milk and whole milk powder exports throughout 2019. The bulk of Australian dairy exports are in the form of cheese and nonfat dry milk. From a global perspective, cheese and nonfat dry milk markets may be most affected by a continued rebound in Australian milk production.