Dairy is an incredibly important industry throughout Australia and is key to a massive amount of quality food production throughout the country. Not only is it significant to the creation of some of Australia’s most loved products, but it is key to producing high-quality ingredients for our most beloved hospitality industry.
After a challenging year for Australian dairy processors, they faced disruption to the supply chain, panic buying, border restrictions, adhering to covid-safe manufacturing practices and closure of their regular distribution channels.
Naturally, it was a whirlwind of a year for everyone involved, and the resilience shown by the sector was impressive. Last year also saw the implementation of two key initiatives that were put in place to restore confidence and profitability to dairy processors.
First was the launch of the Australian Dairy Plan. This industry-wide strategic plan maps out initiatives to create a more confident and united Australian dairy industry over the next five years.
Secondly, the Dairy Code of Conduct, an industry code governed by the ACCC (Australian Competition and Consumer Commission), aims to improve transparency and trading agreements between dairy farmers and processors.
So, since then, the industry has had a positive outlook, and now we look to the future to see what trends are shaping the Australian dairy industry so far in 2021.
- Trade Exports and Foreign Markets
Australian dairy exports generate a tremendous amount of revenue; we are the fourth largest global exporter of dairy. A trend we are seeing is Australia’s focus on producing the best dairy exports possible to expand their exports into the European market. The industry’s stance as a respected exporter to Europe would benefit the viewpoint of our products; the products used throughout our hospitality sector and that create the incredible food Australian restaurants have to offer—giving our restaurants and venues and their food an improved reputation worldwide.
- Dairy Education
Education around the health and nutritional value is essential to its popularity, especially for the general public and hospitality venues who want to purchase dairy products. If prominent dairy dishes aren’t popular, venues won’t purchase dairy products, and in turn, dairy processors would suffer.
Current trends surround the Australian Dairy Products Federation (ADPF) and ensure that dairy products are reviewed fairly as part of the vital role they play in a balanced diet. The perception of dairy and how the nutritional benefits are seen plays a huge part in sales to the local hospitality industry.