Global Focus - Australian Dairy
Our FAR colleague in Melbourne, Tim Hunt, wrote a country banking report on the Australian Dairy. He finds that after the most sustained run of rising prices seen in the global market in more than a decade, dairy commodity prices have softened over the last 12 months. The rise in commodity prices has not lead to eliciting milk supply growth in Australia. The crucial questions for the moment are: is the recent international price fall a temporary aberration or the beginning of a more sustained shift downwards? And will the Australian dairy industry ever return to growth? Read the full report!
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