Australia: Dairy exports fall in June after May increase

Published 2022년 8월 22일

Tridge summary

Australia's total dairy exports experienced a 4% decline in June compared to the previous year, with an overall decrease of 3% year-to-date. Despite this, the export values still saw a 6% increase year-to-date. Milk powder exports had mixed results, with a significant drop in whole milk powder, particularly to Asia and China, while skimmed milk powder exports rose by 19%. Anhydrous milk fat and butter exports also saw decreases. However, cheese and whey exports increased, with whey values up by 195%. Dairy production in Australia has fallen every month in the 21/22 season, with a variation of -3.5%, leading to higher production costs and likely contributing to the decrease in exports.

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

Original content

Australia's total dairy export volumes were down 4% in June year-on-year, while year-to-date total dairy export volumes were still down 3%. From a value perspective and for the first time since February, total dairy export values were down 1% in June; however, they are still up 6% year-to-date. Exports of milk powder had a mixed result, with exports of whole milk powder falling year-on-year, while exports of skimmed milk powder increased in June year-on-year. Whole milk powder exports were down 44% year-on-year in June, with exports to Asia and China down 48% and 63% respectively, the biggest reason for this overall decline. Exports of whole milk powder to the Middle East tried to offset this, with an increase of 840 million tonnes exported to the region. In fact, the Middle East followed this trend in both milk powders, with a massive 427% year-over-year increase in skimmed milk powder volumes shipped to the Middle East. There was also a 54% increase in China. Overall, exports of ...

Source: Milkpoint