date:Feb 14, 2016
Infant formula sales have grown by 30 per cent in the past year according to Dairy Australias new Situation and Outlook report released today.
The growth in formula sales is the highlight of the report which otherwise reflects an industry continuing to battle low prices due to the international oversupply of milk which plagued dairy farmers in 2015.
Milk prices remain steady
According to Dairy Australia, Australias milk sales remained steady increasing just 0.4 per cent over the 12 months to