Australian Dairy Exports Continue Strong Growth, Driven by Cheese and Dairy Fats
Source: DairyNews.today
Australian dairy exports have shown consistent year-on-year growth in milk solids equivalent terms since December 2023, with significant contributions from cheese, milk powders, and dairy fats. This upward trend highlights Australia's robust performance in the global dairy market, particularly in key categories.
Strong Performance in Cheese Exports
July 2024 saw a 36.3% year-on-year (YOY) increase in cheese exports, largely driven by stronger demand fr om Japan, one of Australia’s key trading partners. This growth underscores the continuing appeal of Australian cheese in international markets and reflects a broader trend of increasing dairy consumption in the Asia-Pacific region.
Mixed Results for Milk Powders
Exports of skimmed milk powder (SMP) surged dramatically in July, rising 102.5% YOY to 15,209 metric tons. However, whole milk powder (WMP) exports experienced a 9.2% decline, although this drop was from a relatively small volume base. Despite the contrasting results, Australia’s milk powder sector remains competitive, particularly in markets with rising demand for SMP.
Explosive Growth in Dairy Fats
Dairy fat exports also saw remarkable growth in July, with overall fat exports rising 171.1% YOY in commercial butter equivalent terms. Anhydrous milk fat (AMF) exports were up 78.3%, while butter exports experienced an extraordinary increase of 224.9% YOY. This dramatic rise reflects growing global demand for dairy fats, especially in markets wh ere butter consumption is on the rise due to evolving dietary preferences.
The continuous growth in Australian dairy exports, led by these key product categories, highlights the country’s strong positioning in the global dairy trade. With increasing demand from markets like Japan and strong performances across multiple product lines, Australian dairy producers are poised for sustained success in the coming months.
July 2024 saw a 36.3% year-on-year (YOY) increase in cheese exports, largely driven by stronger demand fr om Japan, one of Australia’s key trading partners. This growth underscores the continuing appeal of Australian cheese in international markets and reflects a broader trend of increasing dairy consumption in the Asia-Pacific region.
Mixed Results for Milk Powders
Exports of skimmed milk powder (SMP) surged dramatically in July, rising 102.5% YOY to 15,209 metric tons. However, whole milk powder (WMP) exports experienced a 9.2% decline, although this drop was from a relatively small volume base. Despite the contrasting results, Australia’s milk powder sector remains competitive, particularly in markets with rising demand for SMP.
Explosive Growth in Dairy Fats
Dairy fat exports also saw remarkable growth in July, with overall fat exports rising 171.1% YOY in commercial butter equivalent terms. Anhydrous milk fat (AMF) exports were up 78.3%, while butter exports experienced an extraordinary increase of 224.9% YOY. This dramatic rise reflects growing global demand for dairy fats, especially in markets wh ere butter consumption is on the rise due to evolving dietary preferences.
The continuous growth in Australian dairy exports, led by these key product categories, highlights the country’s strong positioning in the global dairy trade. With increasing demand from markets like Japan and strong performances across multiple product lines, Australian dairy producers are poised for sustained success in the coming months.
23.09.2024
Carbon emissions in global milk production - the elephant in the room
I have been thinking to make this post yes/ no. I decided for yes and like to ask everyone to not "shoot the messenger". The chart shows an analysis of IFCN Dairy Research Network from the 2024 supporter conference in Poland.
