Situation and Outlook

Dairy Australia’s Situation and Outlook report provides the latest international and domestic market trends, statistics and facts, with expert analysis and unbiased insights.

The Situation and Outlook Report March 2024 forecasts national milk production to grow slightly, ending the 2023/24 season close to one per cent above last season.

Better-than-expected weather conditions, recovering milk production, increased retail volumes and a rebound in global commodity values have bred optimism in the broader context of a persistently challenging macroeconomic environment.