The latest Ag Answers Australian Dairy Update has been released, showing that despite softening global dairy prices, the volume of Australian milk powder exports have increased 16.5 per cent year-on-year - for the July to August period - due to increased demand from Malaysia and China.
Rural Bank’s Ag Answers team is now forecasting a 43 per cent increase year-on-year in the volume of Australian milk powder imported by China for the calendar year of 2017.
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