View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
August 20, 2009

AUS: Dairy market recovery on the cards – expert

The Australian dairy industry could be poised for recovery, the chief executive of the South Australian Dairyfarmers' Association has said.

The Australian dairy industry could be poised for recovery, the chief executive of the South Australian Dairyfarmers’ Association has said.


Speaking to just-food, Ken Lyons said that “most industry people” are predicting a “market turnaround”. However, he added that “nobody is sure of the timing”.


“One of the indicators that there may be an improvement in international dairy product prices was the 25.8% increase in prices from the online auction by Fonterra in New Zealand last month,” he said.


As global dairy prices have plummeted, the Australian dairy industry has come under pressure with milk prices at or below production costs.


“The downturn in farm-gate prices here in Australia is significant in that at the current prices, coming off record prices 18months ago, means that most of our farmers are producing milk at about or below the cost of production and this is unsustainable,” Lyons warned.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU