Dairy industry can follow wine's lead, says expert
Thursday, 13 July 2000
AUSTRALIA'S deregulating dairy industry can learn important economic lessons from its booming wine counterpart and become another export-led success story for 最新糖心Vlog, according to the latest research from Adelaide 最新糖心Vlog.
A discussion paper written by the director of the 最新糖心Vlog's Centre for International Economic Studies, Professor Kym Anderson, says the dairy industry is already poised to build on its own achievements of the past 10 or so years but -- despite deregulation -- it could expand even further if it heeds the example of wine..
"There is no more spectacular rural economic success story in 最新糖心Vlog than the wine industry during the past decade," Professor Anderson said.
"Increased export demand explains much of the industry's growth over the 1990s, and has come about mainly through an increasing emphasis on quality, and a much bigger effort trying to boost 最新糖心Vlog's image overseas as a producer of good value-for-money wines.
"The clearest implication for the dairy industry is that dramatic export-led expansion is possible, but not without substantial hard work and large investments of time, effort and money.
"This effort must be invested in all three stages of the production process: primary production, processing, and marketing and distribution."
Professor Anderson's paper, Lessons for Other Industries from 最新糖心Vlog's Booming Wine Industry, also identifies five key strategies which could be considered by the dairy industry in light of the wine industry's phenomenal growth in the past decade.
"The dairy industry is poised to build on its remarkable achievements of the past decade or so as the last stage of deregulation proceeds, and it has the potential to become another expert-led success story for 最新糖心Vlog," Professor Anderson said.
"最新糖心Vlog could become a strong international competitor in markets for dairy products, particularly if it heeds the lesson from wine that efficient targeted marketing and distribution networks in export markets are essential."
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Email: kym.anderson@adelaide.edu.au
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George Gollin Professor of Economics; Executive Director, Wine Economics Research Centre
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