...international markets Key points œ Australia is a small producer of milk but is the worldfs third largest dairy exporter as 50% of production is exported. œ The Australiafs dairy industry is Australiafs third largest rural industry, ranking behind wheat and beef, and has a gross value of $4 billion. œ Australia produces a range of dairy products including milk, milk powder, yoghurt, butter and cheese. œ The Australian dairy industry is concentrated in the south-east of Australia, Victoria is the largest production state, however other states have significant dairy industries. œ Victorian production is typically seasonal and enters the export market which makes it prone to volatile global prices. Other dairy production areas (i.e. much of NSW) supply the domestic market which requires year-round production. œ The dairy industry is heavily reliant upon water availability; the industry is currently facing uncertainty over water policy. œ Since deregulation in 2001, the industry has undergone rationalisation. This has left a core of efficient producers that are able to compete against international competitors who are heavily subsidised. Contents Key points i 1 History of the industry 1 2 What and where 2 2.1 Map of production 2 2.2 What is produced where 2 3 Challenges and advantages 3 4 Major markets 4 5 Milk and its products 5 5.1 Fresh milk 5 5.2 Butter 5 5.3 Cheese 5 5.4 Milk powder 5 5.5 Whey products and Casein 5 6 The supply chain and major...
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