Dairy imports 2023-24 | July 11, 2024 | Farmonline - video Dailymotion

Dairy imports into Australia have fallen this financial year, after a big surge in the previous financial year.

Transcript

00:00What's really happening with dairy imports into Australia?

00:07We take a look at the latest stats.

00:12On July 2, Janine Waller from the Australian Dairy Products Federation said the last couple

00:17of years record high milk prices led to an influx of international dairy products, resulting

00:25in unprecedented imports and high consumption of cheaper overseas alternatives.

00:32What do the stats say?

00:34Dairy imports did indeed jump 17% from 21.22 to 22.23.

00:44What's happened since July?

00:46Dairy imports are down 9% for the past 11 months.

00:56Butter imports have plummeted 24.9%.

01:02Cheese imports have fallen 4.2%.

01:10What about the long-term trend?

01:12In 22.23, dairy imports were indeed at record high, but imports have bounced around a lot

01:17in the past decade.

01:20What about the long-term trend?

01:22The trend is definitely up, but it's also at a time when Australian milk production

01:25has been in decline.