AUSTRALIA: Bureau forecasts record sales growth in dairy industry
The Australian Bureau of Agricultural and Resources Economics released its monthly report yesterday (19 December) and revealed a boom forecast for the dairy industry for 2000-2001. According to the bureau, milk production is due to rise by 16.8% to a record A$2.2bn over the coming year, however domestic milk will see its value drop by around a third to A$600m.
The Australian Bureau of Agricultural and Resources Economics released its monthly report yesterday (19 December) and revealed a boom forecast for the dairy industry for 2000-2001. According to the bureau, milk production is due to rise by 16.8% to a record A$2.2bn over the coming year, however domestic milk will see its value drop by around a third to A$600m.
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