Date: November, 2006
Abstract: 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. And despite a clear translation of high global prices into high farmgate prices for milk, for the first time in 25 years an upward swing in the commodity price cycle has passed without eliciting milk supply growth in Australia. With Australia faced with the prospect of another severe drought, the dairy industry faces some crucial questions: ...
Research Type: Australia/New Zealand Global Focus