A new report has concluded that the Australian dairy sector would greatly benefit from a more liberalised market.
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Produced by the Australian Bureau of Agricultural and Resource Economics (ABARE), the report studied the domestic dairy industry and predicted that its value would increase by US$1.8bn, to almost US$14bn, if Australian export quotas were doubled, and tariffs halved.
In highlighting global trade as a catalyst for growth in the sector, the report also points out that there is currently an imbalance in the global market caused by the quotas, tariffs and export subsidies introduced by the EU, the US, Canada and Japan.
To visit the ABARE site, click here.
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