A leading bank’s report last week gave dairy demand a dollar each way.  While supply was building, demand might drop off next year.  Or it might not.  The global markets we sell to fluctuate naturally, so it’s only to be expected dairy and other primary products will always ride a demand-driven wave.

While the food and beverage sector remains the linchpin of the economy, generating half our export earnings and employing one in five workers, the processed foods sector is small by comparison.  That’s why the Government has announced a $21 million commitment over the next five years to establish a network of food innovation centres .

This will mean quick and effective research and development, which currently costs too much for many firms.

This commitment to the high-value processed foods sector will create jobs and growth.  It’s a great innovation.