Australia's dairy exports continue to grow rapidly, driven by cheese and milk fat

This upward trend demonstrates Australia's strong performance in the global dairy market, particularly in key categories. High rates of cheese export In July 2024, cheese exports increased by 36.3% compared to the same period last year, mainly due to increased demand from Japan, one of Australia's key trading partners. This growth underlines the continued appeal of Australian cheese in international markets and reflects the trend towards increased consumption of dairy products in the Asia Pacific region. Mixed results for milk powder Exports of skimmed milk powder (SMP) rose sharply in July, increasing by 102.5% year-on-year to 15,209 metric tons. However, exports of whole milk powder (WHM) fell by 9.2%, although this drop came from a relatively small volume. Despite the mixed results, the Australian milk powder sector remains competitive, particularly in markets with growing demand for SFM. Explosive growth in milk fat Milk fat exports in July also showed significant growth, with ...