Australia: Dairy and Products Annual
The Australian dairy and dairy products industry is still recovering from drought and the volume of milk production is expected to be around 9.6 million metric tons in 2015. Output of dairy products such as cheese and milk powder is constrained by available milk supplies. Domestic demand for dairy products is expanding as is demand in Asian markets. International prices have declined significantly over the year. Airfreight exports of fresh milk to China are likely to grow rapidly. Industry restructuring continues with low profitability in marginal areas encouraging farmer exits from the industry.
