Boom Times for Australian Dairy Industry

AUSTRALIA - A new report says the Australian dairy industry is enjoying its best world market conditions in decades.
calendar icon 4 June 2008
clock icon 1 minute read

Dairy Australia's Situation and Outlook report says world demand for dairy products is proving strong, despite big price increases.

Domestic dairy sales rose seven per cent in value in the year to March, even though there were falls in the amount of cheese and yogurt sold.

A Dairy Australia national survey of 1,000 farmers found confidence was up 24 per cent, and many farms, particularly in coastal areas, were moving back into profit after the drought.

Source: ABCrural
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