AUSTRALIA: Queensland dairy farmers at risk from low prices, warns QDO
According to Pat Rowley, the president of the Queensland Dairyfarmers' Organisation (QDO), losses can be expected to reach A$20m following price cuts. His words were in response to an announcement made yesterday (5 October), by Dairy Farmers Ltd, that its price per litre of milk would drop to A$0.351 by the end of the years. Farmers in Queensland have fallen nearly 40% since the deregulation of the sector on 1 July this year, and the QDO believes that half of the dairy industry in the state is now at risk.
According to Pat Rowley, the president of the Queensland Dairyfarmers’ Organisation (QDO), losses can be expected to reach A$20m following price cuts. His words were in response to an announcement made yesterday (5 October), by Dairy Farmers Ltd, that its price per litre of milk would drop to A$0.351 by the end of the years. Farmers in Queensland have fallen nearly 40% since the deregulation of the sector on 1 July this year, and the QDO believes that half of the dairy industry in the state is now at risk.
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