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.
Soaring dairy commodity prices and a wave of mergers and acquisitions in the dairy industry are boosting sentiment and pushing up farmgate milk prices.
Not exact matches
INVESTORS and
dairy farmers are bracing for the worst from Murray Goulburn as weak
commodity prices, rising debts and the
soaring dollar look set to savage the co-operative's earnings and milk price forecasts.
The WCB bidding war for Australia's oldest
dairy attracted international media attention and underscored the value industry players see in
soaring demand for
dairy commodities such as milk powders, cheese and infant nutritionals in Asia, and China in particular.
Dairy farmers patience has been wearing thin as market indicators for dairy commodities soar to levels not seen since the highs of
Dairy farmers patience has been wearing thin as market indicators for
dairy commodities soar to levels not seen since the highs of
dairy commodities soar to levels not seen since the highs of 2013.
The bullish outlook and
soaring commodity and farmgate milk prices come as a wave of consolidation sweeps through Australia's
dairy industry.