The Australian Federal Government has committed $519.1 million to enhance drought resilience, as announced by Prime Minister Anthony Albanese at Beef 2024 in Rockhampton, the largest beef industry event in the southern hemisphere.

Recent developments indicate a potential stabilization in milk collections across the European Union, a key global dairy exporter. After six consecutive months of year-over-year declines, data from Eurostat and CLAL.it show only a marginal 0.1% drop in EU-27 milk collections for February, suggesting that the worst of the downturn may be behind us.

In a significant move for the local dairy industry, Lidl has announced its partnership with Pembrokeshire Creamery, becoming the first supermarket chain to offer milk that is both produced and bottled entirely in Wales.

Global Dairy Products Market is anticipated to cross USD 790 Billion by 2029, increasing from USD 580.18 Billion in 2023. The market is expected to grow with 5.35% CAGR by 2024-29, ResearchAndMarkets.com report.

Rabobank has set the opening milk price at $8.40 per kilogram of milk solids for the upcoming dairy season, cautioning that the recovery in global dairy prices is likely to be slower than previously expected.

OPINION: This old mutt well remembers the wailing, whining and gnashing of teeth by former West Coast MP and Labour Agriculture Minister Damian O’Connor when Chineseowned Yili took over the troubled dairy company Westland Milk a few years back.

Strathroy Dairy, a longstanding family-operated milk and cream producer based in Omagh, County Tyrone, has experienced a substantial increase in its financial performance, reporting a 25% growth in revenue to £148.5 million for the fiscal year ending July 31, 2023. This marks an impressive £30 million increase in annual income for the business, which was established in 1850.

Millbrook Dairy, a rapidly expanding West Country cheese and butter producer, has been honored with the prestigious King’s Award for Enterprise in International Trade for 2024. Co-founded in 2019 by David Evans and Kevin Beer, this Devon-based company has demonstrated remarkable growth in international markets, achieving a 109% increase in overseas sales over the past three years.