Could Australia become a net dairy importer?
AUSTRALIA may become a net importer of dairy products within a few years.
European food and drink strategic consultancy and research firm Gira, has told dairy farmers and processors declining milk production and rising domestic consumption could see Australia importing more dairy than it exports.
Addressing the Australian Dairy Industry Council, Gira consultant and former Fonterra director Earl Rattray said Australia’s dairy exports had remained flat during the past decade while domestic consumption had consistently risen, with the gap between each narrowing. Mr Rattray said Australia was forecast to have flat milk production up to 2023.
“There is increasing domestic offtake,” he said.
“And if we look out to 2023, if something doesn’t change, Australia will become a net importer of dairy products.”