Australian dairy exporters take advantage of strengthening global markets

Australian dairy exporters are taking advantage of strengthening global dairy markets, the latest export data from Dairy Australia reveals. Australian dairy exports for July jumped 14.9 per cent in value and 12.8pc in volume, the DA export report showed. Dairy exports for July were worth $323 million compared with $281 million for the same month last year. Butter exports led the way - up a massive 224pc in volume and 231pc in value. Skim milk powder has also rebounded - with volumes up 103pc and the value up 72pc. Australia exported 49pc more cheddar in July 2024 compared with July 2023, worth an extra 40pc. Exporters appear to be taking advantage of Australia's increased milk production and improving global prices. Prices were up 1.2pc at the latest Global Dairy Trade auction on October 1. Whole milk powder was up 3pc, cheddar 3.8pc, buttermilk powder 5pc and lactose 6.7pc. Although other commodities recorded declines, they are still well up on a year ago. The Food and ...