Dairy Australia outlook paints grim picture

"The latter continues to dominate sentiment. Against a strong second half of 2017/18, substantial year-on-year declines look set to continue, not least due to ongoing exits in the short term, indicating further downside risk."

Dairy Australia’s Senior Industry Analyst, John Droppert, said the ongoing growth in markets like China and Japan provides some comfort for the Australian dairy industry in an environment that is proving challenging for many farmers.

The full February Situation and Outlook report is available at www.dairyaustralia.com.au

See next week's Country News for more.