date:Jul 29, 2014
owever strong export demand has kept the industry buoyant and increased the price premium for Australian milk powders overseas. IBISWorld expects that 70 to 75 percent of Australian milk powder is bound for overseas markets, with revenue forecast to jump by an annualised 3.1 percent over the next five years to reach $1.6 billion in 2019-20.
Australian producers are expected to continue to target growing overseas markets, with exports including fresh, long life and dehydrated milk worth more tha