Situation and Outlook Report



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.

Current report

  • Situation and Outlook Report - March 2024PDF1017.74 KB

Previous reports

  • Situation and Outlook Report - December 2023PDF1.07 MB
  • Situation and Outlook Report - September 2023PDF1.51 MB
  • Situation and Outlook Report - May 2023PDF4.87 MB
  • Situation and Outlook Report - March 2023PDF3.34 MB

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