Resurgent demand from Chinese and South-East Asian markets has seen an increase in Australian dairy exports, according to a newly released report by Dairy Australia.
The traded volume of dairy products increased seven per cent in the 12 months to October 2016, as the export volume trends totalled 828231 tonnes.
The Dairy Situation and Outlook report states the reason for this increase was due to a changing product mix, which saw whole milk powder remain out of favour (-18 per cent from last year), as high fat prices and core cheese business absorbed constrained milk supplies.
In comparison, liquid milk exports increased by 25 per cent, while cheese exports remained stagnant.
Despite cheese exports remaining static, it was the top exported and imported product in monetary terms for 2016, with imported cheese totalling $626922027 and exported cheese adding up to $814838191.
The next most on the imported scale was infant powder ($370894308). Mixtures (imported: $146302072 and exported: $419909625) came in third in both categories, this time being exported less than skim milk powder ($450839914).