05-01-2014 14:00 PM | Australia

Australia’s dairy future is bright

Jane Stanley recently painted an unrelentingly bleak picture of Australia’s dairy industry by claiming that milk was now “cheaper than water”. Expensive bottled water is not a new phenomenon and, depending on the brand, it has been more expensive than milk for a very long time. Stanley asks what is wrong with this picture, but she neglects to describe all the facts.

It is true that the Australian dairy industry has been buffeted by the perfect storm in the last decade: severe drought, the global financial crisis, a persistently high Aussie dollar, rising costs for feed and depressed milk prices.
Full Story : The Guardian