September 8, 2006

Australia's dairy industry pledges A$15m to compete against soy milk
 

Australia's dairy industry has pooled their resources to fund an A$15 million Dairy Innovation Centre which would find ways to compete with the growing soy milk market.

Seven milk companies and farmers have pledged the funds to the centre through the levies they pay to Dairy Australia.

Chairman Andrew Donovan said the research into new milk products would help farmers by looking at strategies to protect prices and create higher margin product and increase milk demand.