News Snapshot:
Australian farmers say the industry is struggling to compete with a flood of cheaper, imported dairy products as production costs remain high and consumers seek out more affordable options. About a quarter of all dairy products consumed in Australia are imported, particularly cheese and butter. That is despite Australian dairy farmers producing 387,000 tonnes of cheese alone last financial year. Rabobank senior dairy analyst Michael Harvey said Australia imported many dairy products despite having a large domestic industry. Cost-of-living pressure is driving consumers to opt for discounted products. (ABC Rural: Selina Green) "We do see a lot of cheese coming...