For the first time, the dairy industry in Western Australia has come together and set a milk production increase goal of 85 million litre over the next two years.
The target was set to meet increasing demand within the state and abroad, Dairy Australia chairman Max Roberts said.
“With an average of 41,000 people migrating west each year and the enduring strength of key Asian markets, the demand for WA’s dairy has never been stronger.”
A prospectus outlining the business case for investment in WA’s dairy industry has been distributed to potential investors, bankers and those who provide services to the industry.
A benchmarking study, conducted by Red Sky for the 2005/06 season, found Western Australia had the cheapest forage costs and the highest average milk yield per cow of Australia’s dairying regions.