Milking China’s growth spurt

Australian dairy companies are lining up for a bigger piece of China’s dairy pie.

Earlier this week, farmers woke up to major dairy processor Murray Goulburn setting a record opening price for the 2013-14 season. The co-operative said it would pay an opening price of $5.60 per kilogram of milk solids, a 24% rise on last year’s opening price.

Behind that news is an improving story for Australia’s dairy industry.

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