Econ Project - Final_InFocus2007[1] - Australian Dairy...

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Australian Dairy Industry Australian Dairy Industry In Focus 2007
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Abbreviations ABARE Australian Bureau of Agricultural and Resource Economics ABS Australian Bureau of Statistics AMF Anhydrous milk fat AQIS Australian Quarantine and Inspection Service BMP Buttermilk powder CAGR Compound annual growth rate CBE Commercial butter equivalent, a unit of conversion of AMF to butter (1kg butter = 0.805kg AMF) cpL Cents per litre (e) Estimated data DA Dairy Australia EU (15) European Union – original 15 member states EU (10) Additional 10 accession countries – since May 2004 n.a. Data not available NCE Natural cheddar equivalent – unit of conversion of processed cheddar, pastes and spreads to natural cheddar (1kg processed product weight = 0.806kg natural cheddar) NDFS 2007 National Dairy Farmers’ Survey 2007 NRM Natural resource management (p) Provisional data (r) Revised data SMP Skim milk powder SNF Solids non fat UHT Milk subjected to ultra high temperature treatment to extend shelf life WMP Wholemilk powder WPC Whey protein concentrate Australian dairy at a glance (2006/07) Table 1 National dairy herd 1.810 million cows Average herd size 225 cows Milk production 9,582 million litres Average annual milk production per cow 5,163 litres Dairy – Australia’s third largest rural industry $3.2 billion value at farmgate Dairy – major value-added food industry $9.2 billion value at wholesale Milk utilisation Cheese 35% Drinking milk 23% SMP/butter 23% WMP 11% Casein/butter 3% Other 5% Production of main commodities (tonnes) Milk powders 344,000 Cheese 364,000 Butter (CBE) 133,100 Dairy – major export industry $2.5 billion 12% of world dairy trade Percentage of Aust milk production – exported 50% Major markets for Australian dairy products – (tonnes) Australia 395,800 Japan 137,700 Singapore 84,600 Malaysia 64,400 Indonesia 63,650 Philippines 45,600 Per capita consumption Drinking milk 104Lts Cheese 12kg Dairy industry workforce Direct employment of approximately 40,000 ABARE estimates a regional economic muliplier of 2.5 from the dairy industry Published by Dairy Australia. Australian Dairy Industry In Focus 2007 is published for the information of readers only. The information in this report is published with due care and attention to its accuracy, but Dairy Australia accepts no liability if, for any reason, the information is inaccurate, incomplete or out of date. You may copy and distribute parts of this report, provided that it is not for commercial use and you acknowledge Dairy Australia as the information provider. © Copyright Dairy Australia 2007. All rights reserved. ISSN 1448-9392 DG/Geon/2007
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Australian Dairy Industry In Focus 2007 1 Foreword ................................................................................. 2 Dairy 2007: Situation & Outlook ........................................................... 3 The Australian dairy industry ............................................................. 9 Farm facts .............................................................................. 11 Milk production .......................................................................... 17 Dairy manufacturing ..................................................................... 21 Dairy markets ........................................................................... 22 Australian consumption of dairy products ................................................ 24 Drinking milk ............................................................................
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This note was uploaded on 06/04/2010 for the course ECON 002 taught by Professor Mcleod,markpehlivan,ayseozg during the Summer '08 term at Pennsylvania State University, University Park.

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Econ Project - Final_InFocus2007[1] - Australian Dairy...

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