Australia Dairy trade May 2026

Australian exports were weak in May and declined by -8.73%, or -20 million kgs LME. Most product volumes decreased, except Whey and Butter oil. In tonnage of commodities exported, there was a decrease of -10.41% or -4.966 mt.Australian Dairy exports May 2026In mt.20252026∆∆%SMP11.4809.080-2.400-20,91%WMP3.6323.351-281-7,74%Whey 1.2942.6611.367105,64%I/F1.7071.605-102-5,98%Lactose599400-199-33,22%Butter539434-105-19,48%Butter Oil54470315929,23%Cheese14.85013.496-1.354-9,12%Milk13.03810.987-2.051-15,73%Total47.68342.717-4.966-10,41%YTD May data is nearly the same as the single month of May at -8.29% or – 95 million kgs LME. In tonnage of commodities exported, there was a decrease of -5.60% or -1,480 mt. YTD May, most product volumes decreased, except Whey, Lactose, and Milk.Australian Dairy exports YTD May 2026In mt.20252026∆∆%SMP63.17359.157-4.016-6,36%WMP21.63714.231-7.406-34,23%Whey 7.4099.3711.96226,48%I/F6.3836.297-86-1,35%Lactose2.0153.3691.35467,20%Butter3.7372.832-905-24,22%Butter Oil2.1441.854-290-13,53%Cheese72.06465.410-6.654-9,23%Milk57.14559.7292.5844,52%Total235.707222.250-1.480-5,60%Milk production has been positive this year and currently stands at +2.85% or +88 million kgs YTD May.Australia milk production rolling 6 months YTD May 2026kgs20252026∆∆%January708.200.000718.800.00010.600.0001,50%February572.400.000575.600.0003.200.0000,56%March595.900.000612.300.00016.400.0002,75%April594.000.000618.300.00024.300.0004,09%May620.342.000654.041.00033.699.0005,43%Year to date December3.090.842.0003.179.041.00088.199.0002,85%Improved weather conditions in several dairying regions and better farm margins have continued to increase milk flows the whole year. However, El Nino may have a negative impact on production in the coming months.Because of the increased milk production in Australia for all of the year, imports were positive in May and were 0.83% or +858 thousand kgs LME.However, practically all commodity volumes decreased, except SMP and Butter.Australian Dairy Imports May 2026In mt.20252026∆∆%SMP2811.4721.191423,84%WMP2.4432.442-1-0,04%Whey 1.270785-485-38,19%Cheese10.2909.345-945-9,18%Butter2.3443.31597141,42%Butter Oil1.355564-791-58,38%Total17.98317.923-60-0,33%The YTD May data are more positive at +9.58% or +48 million kgs LME. In tonnage of commodities imported, the YTD May increase was 9,51% or + 8.201 mt.As much commodities’ volumes increased as decreased:Australian Dairy Imports YTD May 2026In mt.20252026∆∆%SMP4.4505.42797721,96%WMP15.03715.025-12-0,08%Whey 3.7332.950-783-20,98%Cheese46.63249.2022.5705,51%Butter11.93317.6505.71747,91%Butter Oil4.4594.191-268-6,01%Total86.24494.4458.2019,51%YTD May Australia seems to be on the right track with regards to Milk production, but less so in terms of export volumes.Hopefully, El Nino will not strike too forceful.