Dairy Shortages to Impact Australian Market Amid Rising Prices
Source: dairynews.today
Australia is facing significant dairy shortages with anticipated increases in milk, butter, and cheese prices due to natural disasters affecting four in five dairy farmers.
Australians are being warned of impending dairy shortages and hikes in milk, butter, and cheese prices, as nearly 80% of the nation's milk-producing farmers struggle to recover from various natural disasters. Joe Bradley, president of EastAUSMilk, stated, "I think the whole eastern seaboard is going to feel the shortage of milk and dairy products one way or the other.
There’s no ifs or buts about it; it’s a disaster. Prices have to rise.” The latest floods in NSW have worsened conditions for dairy farmers already battling feed, hay, or water shortages and severe droughts across Victoria, South Australia, and Tasmania. As a result, Australia’s milk production, which has been declining over decades, is expected to shrink further.
Norco chief, Michael Hampson, emphasized that "milk, cheese, butter, ice cream, yoghurt, all the dairy products will have a level of inflation over the next three to six months." These challenges are compounded by record-high butter prices in the global market, potentially leading to higher imports and increased consumer costs.
There’s no ifs or buts about it; it’s a disaster. Prices have to rise.” The latest floods in NSW have worsened conditions for dairy farmers already battling feed, hay, or water shortages and severe droughts across Victoria, South Australia, and Tasmania. As a result, Australia’s milk production, which has been declining over decades, is expected to shrink further.
Norco chief, Michael Hampson, emphasized that "milk, cheese, butter, ice cream, yoghurt, all the dairy products will have a level of inflation over the next three to six months." These challenges are compounded by record-high butter prices in the global market, potentially leading to higher imports and increased consumer costs.
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