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This years Rural Bank Australian Dairy Annual Review released

 This year's Australian Dairy Annual Review has been released and forecasts a positive outlook for growth and profitability in the sector, albeit advising this may be tempered by forecasted limited rainfall.

Watch the intorduction here - https://youtu.be/BtCHRae422w

Australian milk supply rose in 2017/18, however supply didn’t keep up with demand. If the increasing demand for Australian dairy products is met it could equal improvements in farm gate milk prices with a forecasted average milk price of $6.10/kg MS in 2018/19.

The Review advises, global dairy prices should continue to improve with international exports of milk powder continuing to drive value in China and emerging markets Thailand and Japan.

Download the report here

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