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.
Exports should surge to A$3.3bn, a figure up 36% on last year and largely consisting of cheese and skimmed milk.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
