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High costs have pressured Australian dairy farmers, resulting in lower milk production and low farmer confidence. Well-balanced global markets, exchange rates, competition among processors and autumn rainfall are all in dairy farmers’ favour. As dairy farmers look to take advantage of some of the highest farm-gate prices in recent years, grain, hay and water prices will be the key to profit.
https://www.dairyaustralia.com.au/-/media/situation-and-outlook-june-2019.pdf
Access episode six of Dairy Australia’s podcast to hear Dairy Australia Trade and Strategy group manager Charlie McElhone discuss key insights from the report with senior analyst John Droppert