Higher retail prices for non-dairy alternatives deterring shoppers, says Dairy Australia
While cost-of-living pressures have bitten into the volume of dairy milks sold domestically, their value has jumped by more than 10 per cent. In its annual situation and outlook report, Dairy Australia found while the volume of milks sold in the year to late March had fallen 2.2 per cent, their value had jumped by 10.9pc. "Inflation is still there, it's still raging on and it's changing the way people spend their money and the way people shop," Dairy Australia analyst Eliza Redfern told the organisation's annual Situation and Outlook breakfast, in Melbourne. "Affordability is very much the key driver of consumer purchasing behaviour - in the current market it's having a significant effect on sales volumes," she said. While cheese purchases fell slightly, year-on-year, by 1.8pc to 161 kilotonnes, the take home value rose by $2.7million or 9.1pc. Dairy spread purchases dipped by 3.9pc, to 59kt, while their value rose 8.8pc and yoghurt sales rose 174kt, or 1.8pc, to a value of ...
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