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Senate told how to right the wrongs in the dairy industry

NSW Farmers presented at a hearing for the Senate inquiry into the ‘Performance of Australia’s dairy industry and the profitability of Australian dairy farmers since deregulation in 2000'. One June 19, NSW Farmers used the hearing to highlight possible solutions for a sustainable and profitable dairy industry, including fairer supply chains, reasonable retail pricing on dairy products and an effective industry restructure.NSW Farmers Dairy Committee chair Colin Thompson said the lack of genuine competition in the dairy supply chain had constrained the industry’s profitability over the past decade. “Unlike in other industries, dairy farmers have not reaped the benefits of a competitive market,” Mr Thompson said.“Retail prices do not reflect normal market conditions — while most food items have become more expensive with consumer price index, milk prices have remained consistently low.”Mr Thompson said major retailers needed to be held accountable for irresponsible pricing on dairy items.

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