Saturday, June 13, 2015

China's growing thirst for dairy heralds golden era for Australian farmers

Australia's dairy industry is on the cusp of a golden era of prosperity, financial analysts say, and the much-talked-about boom to supply dairy products to China is well underway.

Some experts even contend that this new "dining boom" will rival Australia's recent mining boom.

A tally of investments makes for impressive reading.

In the past two years, Australian dairy companies have spent or plan to spend more than $1.5 billion building new or upgrading existing dairy factories.