The Australian dairy industry rallied to new highs in 2004/05 to set new highs despite the lingering effect of drought according to the latest edition of the Dairy Australia Australian Dairy Industry In Focus publication released today (Friday).

Milk prices and productivity improved while cheese exports soared to record levels.
The price farmers received for milk in each state was significantly higher, the biggest rise of AUD3.57 (US$2.63) to AUD4.23 per kilogram of milk solids occurred in Victoria.

While the number of dairy farms consolidated at an estimated 9,256 nationally, the average annual milk production per cow rose to its highest level in two years at 4,983 litres.

Collaborative market access work with industry bodies such as Australian Dairy Farmers and Australian Dairy Industry Council proved beneficial, with export cheese volumes rising to a record 227,500 tonnes, up 7% in volume and 19% in value on the previous year.

Dairy farm financials also lifted. According to preliminary data from the Australian Bureau of Agriculture and Resource Economics, the average farm cash income in the period reached almost AUD80,000 – up from AUD60,000 in the preceding period.
Dairy Australia and its predecessor organisations have been collecting industry data for more than a quarter of a century.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.