Australian Dairy Update
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.
Australian Dairy Annual Review
Ag Answers has released the 2016/17 Australian Dairy Annual Review. There are signs of recovery for the dairy industry, but we are not out of the woods yet. Informed decision making is key to navigating dairy industry volatility and turbulence. With information provided by AgAnswers farmers will be better placed to make evidence-based decisions for their business into the medium and long term.
The Bank’s message follows the launch of its Australian Dairy Annual Review, which showed some signs of recovery for the sector. Launched by specialist insights team Ag Answers – the report includes data and outlooks on production in Australia and globally, seasonal conditions, prices, demand and the financial performance of Australian farms.
The 2017 Australian Dairy Annual Review producers and industry with a concise analysis of the Australian dairy sector.
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Ag Answers is a specialist insights division of Rural Bank. If you would like to learn more about Ag Answers or to view our other reports please visit our Ag Answers page. You can also receive Ag Answers reports direct to your email by subscribing to Rural Bank Insights.