Sentences with phrase «australian dairy prices»

Farmers have been asking why Australian dairy prices were not keeping up to those in the European Union or New Zealand.

Not exact matches

Australian Dairy Farmers president Noel Campbell told Fairfax Media last month that most farmers operated on a $ 5 to $ 5.50 a kilogram milk price to cover their costs of production.

Fonterra chief executive Theo Spierings said the Australian farm gate price did not reflect the global dairy rout and called for an «honest debate about what is being earned in the market».

The increase in cheese and dairy prices has also helped cushion exports from the relentless rise of Australian Dollar, which now buys 76 US cents, as against 55 US cents two years ago.

Increased demand from consumers such as Saudi Arabia and Russia, buoyed by strong oil prices, coupled with exports to traditional trading partners such as Japan, is benefiting the Australian dairy sector, which has a 17 per cent share of global cheese exports.

Last August Theo Spierings, the chief executive of the world's biggest dairy exporter, Fonterra, said the Australian farm gate price did not reflect the collapse in global dairy prices, which have more than halved in the past two years.

Australian dairy farmers were surprised and angered when both companies reduced their farm gate prices from $ 5.60 per kg of dairy solids to between $ 4.75 and $ 5.00 per kg in the past month.

«The fact is that, for some time, the price paid to Australian dairy farmers for milk did not reflect the reality of the international market,» Ms Swales, who runs the country's second largest milk processor, told The Australian Financial Review this week.

«The Australian dairy industry has to get real about milk prices and find ways to adjust to the new lower milk price environment that we expect is likely to continue next season.»

The only way to have a sustainable and strong Australian dairy industry was for farmers to receive «timely and transparent price guidance», she said.

New Zealand dairy giant Fonterra will cut the price it pays its Australian farmer suppliers this season.

This optimism was borne out in a recent survey of Australian farmers by rural lender Rabobank, which found positive sentiment in the sheep and beef sectors, «as graziers fetch historically high prices for lamb, mutton, wool and beef» along with improving sentiment in dairy and with cotton producers «increasingly upbeat».

Australian dairy farmers are battling to survive an industry - wide crisis, after processors dramatically cut milk prices in response to a global oversupply of milk.

In a recent market announcement, the company quoted the Australian Competition and Consumer Commission (ACCC) in its interim report into the dairy industry last November, saying: «Wholesale and retail non-organic milk prices have been declining in real terms since the industry was deregulated in 2000.

Leading dairy analysts have urged caution in comparing Australian prices to those in New Zealand and Europe.

Australia is not alone in investing in dairy processing to supply surging demand in Asia, and Australian farmers are not yet confident they can make a profitable living on the prices being offered domestically.

In «Farmers backed in Coles milk battle» (Herald Sun, 5 April 2011), Matt Johnston claims that the Australian Dairy Farmers group «is canvassing financial support to bankroll a case against Coles, accusing the supermarket giant of predatory pricing».

Some of the transcripts are now available from the Senate's inquiry into the «impacts of supermarket price decisions on the dairy industry» (naturally Frank Zumbo used the opportunity to once again rave about the Birdsville amendment on predatory pricing - he doesn't fail to mention he drafted it, amongst other things (such as a purported need for price discrimination laws and proposing an office of the Australian small business and farming commissioner)-RRB-.

Australian milk production has plunged 20 per cent to about 9 billion litres a year, while farm prices have fallen, leading in some cases to bank foreclosure.But Mr Rowley said these factors strengthened the case to create a listed dairy farm: «From 2007 to 2011 China tripled dairy imports and dairy demand is 10 billion litres a year, which is more than the whole of Australian production.»

Australian dairy farmers have been warned that prices are on their way down amid a rising tide of world milk supply.

The Australian Competition and Consumer Commission is pushing for a mandatory code of conduct for dairy processors after a year - long investigation into an industry crisis sparked by Murray Goulburn and Fonterra Australia retrospectively slashing prices paid to farmers.

Industry group Australian Dairy Farmers President Simone Jolliffe said farmers were «absolutely reeling» from the price cuts.

Australian dairy farmers have been warned prices are on their way down amid a rising tide of world milk supply.

WCB chief executive David Lord said strong international dairy commodity pricing and demand and the declining Australian dollar were a tailwind for earnings.

Soaring dairy commodity prices and a weaker Australian dollar have helped Victorian dairy group Warrnambool Cheese & Butter more than double its half - year profit to $ 31.3 million.

Instead, the primary focus of the Australian dairy industry seems to have been complaints about the unsustainably low milk prices offered by Coles and Woolworths.

Profits have tumbled since 2011 as the company battled a high Australian dollar, lower international dairy prices and met fierce local competition as rival Murray Goulburn aggressively chased milk supply.

«We are definitely seeing more interest from both institutional and private investors in dairy due to the depreciating Australian dollar, the attractive free - trade agreement and some favourable pricing,» said Darren Craike from Bell Potter Securities.

Australian dairy farmers, who aired similar concerns about the level of payments they receive from dairy companies, were told at a conference last week that the price they receive for their milk is predominantly influenced by international markets.

Michael Harvey, a senior analyst (dairy) with Rabobank, said he was optimistic for the Australian industry after global dairy commodity prices started to firm from the middle of 2016.

Australian dairy farmers are already benefiting from an improvement in global diary market conditions, which has led to rising farmgate prices, and the major dairy processors are strongly urging them to invest in boosting their milk production.

«With our dairy industry in crisis due to the milk price war, and our fruit growers leaving tonnes of produce to rot on the ground because they are not being paid enough to harvest it, Australian farming is reaching breaking point», Mr Croft said.

Milking it for all it's worth - competition and pricing in the Australian dairy industry Senate Economics Reference Committee

Domestic and international demand for dairy produce is booming, but the price of Australian milk has declined so far that it is now cheaper than water.

(e) the recommendations of the 2010 Economics References Committee report, Milking it for all it's worth - competition and pricing in the Australian dairy industry and how these have progressed;

Senate Economics Reference Committee - Milking it for all it's worth - competition and pricing in the Australian dairy industry

PETER RYAN: And while changing economic forces are hurting Australian dairy farmers with plunging commodity prices, Gao Yingxin says China can't get enough dairy products and will want more as its demographics continue to change.