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