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Australia has proven to be an appealing and profitable market for U.S. companies for many years.
The import tariffs and quotas for some Australian and New Zealand dairy products (including whole milk powder, whey, cheese, and anhydrous milk) were removed on January 1, 2021.
Over late 2014, prospects for Australian winter grains crops worsened as a result of continued dry weather. Both yields and the volume of production were affected.