Email us with accessibility issues regarding this report. May 2023 Highlights: U.S. simple average prices are: $4.34 per gallon for conventional whole milk, $4.29 per gallon for conventional reduced fat 2% milk, $4.82 per half gallon organic whole milk, and $4.82 per half gallon organic reduced fat 2% milk.
IBISWorld forecasts the domestic price of milk to surge 27.4% during 2022-23, to reach 72.6 cents/litre.
The supermarket giant has increased the price of its homebrand milk to $1.30 a litre with its 2-litre and 3-litre bottles now selling for $2.60 and $3.90 respectively, a 10 cents-a-litre increase, while one litre of milk will cost $1.35.
Lactalis has announced a 2023/24 opening price for the fresh milk market in Queensland and northern NSW of 82c/l , down from the current season's opening price of 87c/l.
Australia is now home to some of the world's most expensive cattle. Pregnant cows, worth $1,200 a head in northern New South Wales three years ago now have a $2,000 price tag, while heifers have gone from $350 a head to $800 in three years.
At the end of 2021, the cost of a litre of home-brand milk in an Australian supermarket was about $1.30. It's now about $1.60. What will it cost at the end of 2022?
Key points. Farmgate milk price to rise to 72.6 c/L in 2022–23 before falling to 62.5 c/L in 2023–24.
1 L of milk weighs 1.035 kg.
The report said Australia's per capita consumption of drinking milk ranks among the highest in the world, behind Ireland, Finland and New Zealand. “In 2021/22, Australian per capita consumption of milk stood at 93 litres per person for the year, which equals just over 250 millilitres per day,” Harvey said.
The purpose of a cow can be divided into two categories: dairy production and beef production. Beef cows cost between $2,500-$3,000 and are bred for meat production. A dairy cow costs roughly between $900-$3,000 and is bred for milk production.
Coles will also pay farmers in key dairy regions an extra 8c per kilogram a month, taking the farm gate price to $12.05 a kilogram by June 2025. This compares with average farm gate milk prices across Australia's southern export regions ranging between $9.50-$10 a kilogram for milk solids.
It is a significant jump from the processor's 2021-22 rates, where farmers were paid $7.80/kg m/v for butterfat and $9.70/kg m/v for protein. While Coles does not provide a flat cent per litre rate, it is believed to be worth about 70¢ per litre in 2022-23.
The price of 1 liter (1 qt.) of whole fat milk in Melbourne is AU$1.77.
Domestic and international demand for dairy produce is booming, but the price of Australian milk has declined so far that it is now cheaper than water.
Typically, just under 60% of milk is sold through supermarkets in Australia, making them the major channel to consumers. This is particularly true for white milk, while a larger proportion of flavoured milk is sold through convenience outlets.
Milk: ordinary pasteurised milk lasts no more than 6 days. Organic milk, on the other hand, typically lasts for four to six weeks.
Coles Brand fresh white milk in one litre will move from $1.35 to $1.60, two litre milk will move from $2.60 to $3.10 and three litre varieties will move from $3.90 to $4.50. Coles Chief Commercial Officer Leah Weckert said the price increases had not been optional.
In financial year 2021, the average profit of dairy farm businesses in Australia was just over 140 thousand Australian dollars.
At home, many of us are used to estimating how much a specific object weighs by comparing it to the weight of a one litre milk carton. This is a quite functional method since the density of milk is roughly 1 kg/litre, meaning that the mass of one litre of milk is about 1 kg.
One litre of water has a mass of almost exactly one kilogram when measured at its maximal density, which occurs at about 4 °C. It follows, therefore, that 1000th of a litre, known as one millilitre (1 mL), of water has a mass of about 1 g; 1000 litres of water has a mass of about 1000 kg (1 tonne or megagram).
The density of milk is approximately 1.03 kilograms per litre so a litre of milk weighs very close to 1 kilogram.
Australian dairy farming the most profitable it has been in a generation.
It says the world's cheapest milk is made in Cameroon, where it comes from beef cows and is a by-product of producing meat. Its production cost works out to just $1.82 per hundredweight. The next lowest cost country in the world, according to the map above, is Uganda.
The average annual salary for Farmer jobs in Australia ranges from $60,000 to $70,000.