Dairy farmers will be better able to understand and interpret commodity market price signals following the launch of the new Milk Price Index (MPI).
The Milk Price Index is another source of information dairy farmers can use to inform their business decisions. This index is intended to help dairy farmers to better understand and interpret market signals.
Updates to this site will be made monthly.
Producers are invited to enter their own data, when enough data is received a report will be prepared on the average and range of actual prices received for each region.
The MPI includes:
- An Australian Commodity Milk Price Index of export prices for cheese, butter, skim milk powder (SMP) and whole milk powder (WMP), plus a one-year forecast.
- A Regional, Retrospective Farmgate Milk Price Index with data coming from dairy farmers.
- Regular global, national and regional commentary to go with the indexes.
To see the Milk Price Index click here.
Media release - MilkPrice Index launched – Hon. David Littleproud – 06/07/18