Tough outlook for milk price

By Andrew Marshall
Updated May 20 2016 - 10:28am, first published May 5 2016 - 5:00am
Grim outlook: Murray Goulburn last week cut its milk price for this season and an oversupplied world dairy commodity market is expected to prompt other dairy processors to cut their milk prices next season.
Grim outlook: Murray Goulburn last week cut its milk price for this season and an oversupplied world dairy commodity market is expected to prompt other dairy processors to cut their milk prices next season.

THE sobering reality of an 18 month global dairy price slump and the recent strength in the Australian exchange rate is likely to be felt in the dairy industry for at least the next three years. industry experts say.

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