Australia: Dairy and Products Annual
Link to report:
Australia’s milk production is expected to continue to shrink in 2020, reaching the lowest level in 25 years. This decline is a result of continued drought conditions in parts of the country and consequently high input costs for feed and water allocations, as well as a shrinking cattle herd and high cow cull rates. The decline in milk production in 2020, however, is expected to be much less than the drop in 2019 as more rainfall and good pasture growth in parts of Victoria is expected to help support production there. Despite the shrinking milk supply, both fluid milk and cheese production are forecast to remain largely steady, while butter and milk powder production continue to fall.
