Australia’s largest dairy exporter, Murray Goulburn, is investing $127 million into cheese and infant formula factories in Victoria and Tasmania as part of a plan to target Australian milk to the highest growth markets in Asia through value-added exports. $70 million of the funds will be dedicated to the construction of a new cut and wrap cheese factory in Cobram. Gary Helou, Murray Goulburn’s managing director hopes that the company’s expansion will prompt Australian dairy farmers to invest into expanding their operations and increasing output on industry-wide concern that Australia’s milk production has not been increasing.
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