Dairy farming to bounce back, while sugar set to drop in 2018 – research

According to the research, this should be the year the Dairy Cattle Farming industry bounces back. Following a year of low prices and depressed milk production, conditions have begun to stabilise, while demand and returns for domestic dairy products is rising.

“With the Australian dollar projected to depreciate this year, we anticipate local dairy products will become more competitive in export markets, boosting returns to domestic milk processors, which will then flow through to dairy cattle farmers. We’re also expecting an increase in the size of the national dairy cattle herd, which will drive up milk volumes, and contribute to an expected 8.0% increase in revenue in 2017-18,” said IBISWorld Senior Industry Analyst William McGregor.

However, things are not looking as positive for sugar manufacturers. An expected oversupply in global sugar markets is tipped to drive sugar prices down this year, with IBISWorld forecasting revenue for sugar manufacturers to decline by 12.5 per cent.

“Domestic sugar output is projected to decline this year following the bumper crops of 2016-17, and with two-thirds of Australian sugar destined for export markets, global conditions – including consumption not matching production growth – will contribute to revenue declines for local sugar millers,” said McGregor.

dairy-farming-to-bounce-back2 dairy-farming-to-bounce-back1

Tags: ,
Any claim arising from the information contained on the eDairy News website shall be submitted to the competence of the ordinary courts of the First Judicial District of the Province of Cordoba (Primera Circunscripción Judicial de la Provincia de Cordoba), Republic of Argentina, in the city of Córdoba, excluding any other jurisdiction (Federal jurisdiction is also excluded).


Criteria in the moderation of comments that eDairy News will take into consideration in all its publications.

  • They will not be considered insults of any kind against anyone,, whether a user, moderator or publisher. Complaints made with the name and surname of the author of the commentary will only be accepted after confirmation by the moderator.
  • Unsubstantiated and gratuitous destructive criticism or expressions of bad taste, whether offensive, racist or xenophobic.
  • SPAM, (Insert links to web pages not related to the subject, provide emails, etc...)
  • Comments that are meaningless with the footnote or the dairy sector.

Related posts