# Dairy production to increase slightly as global supply continues to be constrained - Australasian Farmers' & Dealers' Journal

> Rural Bank's mid-year outlook forecasts a modest 0.5% rise in Australian dairy production for 2022/23, helped by good seasonal conditions after an extended La Niña. Farmgate prices are expected at A$8.50–9.80/kg MS, averaging A$9.21. Global milk supply is expected to stay constrained until at least late 2022 across Europe, New Zealand, Argentina and the US.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/40498-dairy-production-to-increase-slightly-as-global-supply-continues-to-be
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Constrained global supply keeps farmgate and export milk prices elevated, while Australia's modest production gain limits how much that tightness can ease.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-09-12 | [Dairy production tempers while prices increase - Brownfield Ag News](https://feedsoft.ai/events/57056-dairy-production-tempers-while-prices-increase-brownfield-ag-news.md) | -0.2% | +2.3% |
| MILK | 2019-03-26 | [Milk production continues to slow](https://feedsoft.ai/events/60104-milk-production-continues-to-slow.md) | +0.1% | +5.8% |
| MILK | 2026-06-15 | [Global dairy markets heading towards ‘balance’ as milk production growth slows](https://feedsoft.ai/events/18813-global-dairy-markets-heading-towards-balance-as-milk-production-growth-slows.md) | +0.1% | -1.4% |
| MILK | 2024-03-21 | [US Dairy Exports To Increase Slightly - USDA ERS - EDairy News English](https://feedsoft.ai/events/31203-us-dairy-exports-to-increase-slightly-usda-ers-edairy-news-english.md) | -0.1% | -5.2% |
| MILK | 2022-03-25 | [Milk Production Continues To Fall While Prices Climb - EDairy News English](https://feedsoft.ai/events/42281-milk-production-continues-to-fall-while-prices-climb-edairy-news-english.md) | +5.6% | +8.5% |

## Sources

- afdj.com.au: https://afdj.com.au/dairy-production-to-increase-slightly-as-global-supply-continues-to-be-constrained/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.