Local production holding up, international prices strenghtening

摘要

With drought continuing to constrain the productivity of the Australian dairy industry, world prices are climbing to unprecedented highs as buyers scramble for product. Year-to-date milk production continues to hold up remarkably well in the face of continuing drought conditions. However, this has come at a significant financial cost, with nearly one in two dairy farms operating at a farm cash loss this year, writes Peter Wilson, Dairy Australia's industry analyst - Australia.