Australia is in low milk production

With the anticipation of a record year in low milk production around the world, shortages of cream and milk products in domestic is still a major concern. Pressure on supply and raised prices further in key commodities.

Australian key dairy commodities at all time high prices: Skim Milk Powder(SMP) USD 4300/MT - 4,500/MT; Whole Milk Powder(WMP) USD 4,400/MT - 4,600/MT; Butter USD 6,000/MT - 6,400/MT; Cheddar USD 5,900/MT - 6,100/MT