Australia skim milk powder exports to remain steady

Published 2024년 1월 9일

Tridge summary

Australia's exports of skim milk powder are expected to remain at 125,000 tons in 2024, similar to 2023 due to high farmgate milk prices impacting competitiveness. Farmgate milk prices are anticipated to decrease in the latter half of 2024, potentially improving export competitiveness in the short term. However, a projected 3% decline in skim milk powder production to 140,000 tons will limit exportable supplies and overall exports, as Australia is already utilizing a significant portion of its milk pool for skim milk powder production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australia exports of skim milk powder are projected to hold steady at 125,000 tons in 2024, mirroring the underwhelming performance of exports in 2023, a period affected by reduced competitiveness stemming from high farmgate milk prices, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report. Farmgate milk prices are expected to gradually ease in the latter half of 2024 and may provide short-term improvements in export competitiveness. However, a forecast 3% decline in skim milk powder production to 140,000 tons will constrain exportable supplies and hence, exports. Australia already exports a significant portion of ...

Source: The Cattle Site