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.