China is the 20-year focus for Australia dairy

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

Australia’s largest food company is watching China for the next two decades. After a public fight to buy the $500 million Warrnambool Cheese and Butter (bought by Saputo of Canada, instead of two competing two Australian companies) brought dairy to the focus of the country’s export market, food company Murray Goulburn expects consolidation of the nine remaining processors in the country.

Murray Goulburn’s managing director, Gary Helou, said he expects the number of processors to be inevitably be half of the current number in just a few years. Murray Goulburn is Australia’s number one dairy exporter, processing one third of the country’s 9 billion liter (20.5 billion pounds) milk shed.

Helou encouraged Australian farmers to invest in their farms to drive the country’s production to 15 to 20 billion liters (34 to 45.5 billion pounds) of milk per year.

Source: Financial Review



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


5E Series

Introduced in 2013, the new 85 and 100 hp John Deere 5085E and 5100E feature 4-cylinder Interim Tier 4 emissions-compliant ... Read More

View all Products in this segment

View All Buyers Guides

)
Feedback Form
Leads to Insight