Milk production forecasts have been subject to a downgrading due to the ongoing drought that is affecting eastern Australia.


The Australian Bureau of Agriculture and Resource Economics had previously forecast that milk production for this fiscal year would be 11.51bn litres. A spokesman for Australian Dairy Corp (ADC), however, has announced that milk production for this fiscal year ending 30 June 2003 is now estimated at 11.1bn litres. ADC has also warned that if the drought in eastern Australia continues, the re-estimated figure will likely come under threat.


The drought is affecting pastures, both rain-fed and irrigated, as well as driving up prices of alternative animal feed such as grain, molasses, cottonseed and hay.


Australia currently exports around 50% of its milk, but exports may decrease if milk production levels fall, reported Dow Jones International.

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.