The Australian dairy industry looks to have normalised, with a decent seasonal outlook and better farmgate prices encouraging increased production, according to the latest NAB Agribusiness Dairy in Focus report.
The “rising tide of milk” has seen sentiment in the global dairy industry begin to wane, as growth in exportable surpluses across key milk-producing regions gains momentum, according to Rabobank’s latest Dairy Quarterly report.
A critical step towards delivering a key element of the Government’s Dairy Support Package was taken, with a provider engaged to implement the Commodity Milk Price Index.
Fairvale Morty Lady 51, jointly owned by Lisa and Will McKay of Linsand-V Holsteins, Victoria, and Lindsay and Sandra Thompson, Linsand Holsteins, Tasmania, has been recognised by Holstein Australia as the highest classified cow in Australia.
After having been on the market for many months, Brownes Dairy has been bought from Archer Capital by a Chinese consortium led by dairy giant Shanghai Ground Food Tech.
Murray Goulburn suppliers reacted with shock to news the dairy co-op had accepted a $1.31 billion buyout from Canadian company Saputo, but Victoria’s dairy farmer group is hopeful the deal will help repair confidence in the industry after a tempestuous two years.
New Zealand dairy farmers have a global edge in terms of productivity and profitability, but the industry needs to remain ambitious about keeping that edge against the best in the world.
Victoria has set a new record with food and fibre exports reaching $12.8 billion – the biggest total in the state’s history.