Aussies love consuming dairy
New report finds sales across all categories on the rise
AUSTRALIANS continue to eat more dairy, but a drop in production – thanks to ongoing drought conditions – has been predicted for the next 12 months.
So says Dairy Australia’s latest Situation and Outlook report.
For many dairy farm businesses, the 2018/19 season has shifted from an outlook of recovery and growth to one of drought, feed shortage and rising production costs.
As a result, the report has found it likely that there will be a national milk production - en per cent, compared with 2017/18 levels.
Despite the drop, sales across the board have risen – with a .9 per cent increase in a 3.9 per cent increase in cheese sales, 4.9 per cent for cheese varieties.
The standout performer was traditional yoghurt – which experienced a massive 6.2 per cent rise in sales over the last 12 months.
“The traditional yoghurt category, including products such as Greek yoghurt, saw impressive growth,” Dairy Australia senior industry analyst, John Droppert, said.
“These traditional yoghurts now represent 41 per cent of total category sales as consumers appear to be opting for products that are perceived to be more healthy and natural.
“Australian milk, cheese and yoghurt sales continue to grow, with Australians purchasing 1.4 billion litres of milk in supermarkets – up on last year.”
The report also found that, despite headwinds associated with growing milk production in New Zealand, global dairy markets have been favourable and exports continue to grow, with healthy demand from major markets.
“Demand has remained robust, with dairy exports from the six major exporters increasing 3.7 per cent over the past 12 months,” Mr Droppert said.
“Greater China and Japan helped drive this growth, while demand from the Middle East and North Africa time in over three years.”
Improved global commod- ity prices supported value growth of Australian exports up 12.7 per cent, to US $2.2 billion.
The Situation and Outlook report is released three times a year, providing expert, unbiased analysis and insights into the latest national and international market trends in the dairy industry, as well as up-to-date statistics and facts.
The report is available at www.dairyaustralia.com.au.