Although the Australian dairy industry has performed well it has also faced considerable pressure over the past twenty years. A decline in the terms of trade and major structural change has provided added incentives for the industry to improve productivity. This paper constructs Tornqvist index...

New Zealand and Australia comprise the largest dairy exporting block in world markets and the dairy industries of both countries have geared up in recent years to expand production of dairy products. The report synthesizes observations and insights from a site visit by the authors in February...