Industry Analysis & Industry Trends
Over the past five years, the industry has had to contend with adverse climatic conditions, rising production costs and an increasingly health-conscious marketplace. There have been dramatic changes in milk prices, largely due to rapidly rising demand from Asian markets. Numerous adverse conditions have forced industry producers to absorb some of the cost increases, resulting in lower profit margins. Industry players have benefited from clever product and packaging innovations, particularly in the product segment that offers lower fat, full-cream options to cater for a growing customer base. In the five years through 2014-15, industry revenue is estimated to grow at an annualised 0.2% to reach $1.9 billion... purchase to read more
Industry Report - Industry Locations Chapter
While milk production in Australia has grown by more than 40% over the past decade, with operations heavily concentrated along the eastern states, milk consumption has only increased by round 6% over the past decade. This indicates the growing importance of overseas markets as a source of industry revenue.
Victorian milk producers are expected to produce more milk than the rest of the nation combined. Victoria alone is expected to account for around two-thirds of milk production. As farm costs are the major determinants of production in the industry, Victoria has the advantage of accessing lower farm costs in the country due to the heavy concentration of dairy farming within the region... purchase to read more