Australia update - milk output down and declining

Firstly, a few glimmers of optimism in amongst another fairly downbeat milk market report from Chris Walkland. Ben is then joined this week by Steve Spencer, Director of food industry consultancy FreshAgenda (Australia) and John Allen, a Managing Partner at Kite for an update from Down Under. Steve summarises Australia’s milk year and dairy output, highlighting a 4% year-on-year decline which is predicted to continue further in their dairy sector, sighting labour and attitude to risk as key contributing factors. John and Steve discuss global supply and demand dynamics, outlining the impact on both milk markets in terms of political instability, environmental policies and farmer sentiment, comparing our similarities and differences.