If Australia has reached ‘peak milk’, what does that mean for our food security?

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If Australia has reached ‘peak milk’, what does that mean for our food security?
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Consumers assume Australia has milk production covered – but the national dairy herd is declining and imports are at record highs

‘Dairy farming is hard work, harder than a number of other agricultural enterprises, and Australia’s dairy farmers are starting to look for greener pastures.’‘Dairy farming is hard work, harder than a number of other agricultural enterprises, and Australia’s dairy farmers are starting to look for greener pastures.’, it is worth thinking a little more deeply about the white in your flat white and what it signifies for food producers.

But it’s complex. Australia sends 30% of its dairy products overseas at the same time as we shoppers rely more on imported dairy. Australian dairy manufacturers also rely on imports to produce other dairy products. Half of our imports come from New Zealand, followed by the EU and the United States. That means more imported dairy on our shelves. Rabobank data from Coles online in January this year shows the two cheapest retail butter products were both imported. For Australian shoppers with tight budgets, that makes them appealing products.Our Australian afternoon update breaks down the key stories of the day, telling you what’s happening and why it mattersFor Australian dairy farmers though it also means – in the words of the Coles jingle – “down, down, prices are down”.

Nearly a generation after the deregulation began, the political context gets more interesting, for two reasons.His Future Made In Australia Act, if passed, appears to pull together existing initiatives and new ones, including on jobs, skills, wages, the net zero agenda, infrastructure and science capability. He says it will boost smart manufacturing capability and economic sovereignty.

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