Australia's No 1 dairy eyes Middle East growth

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Australia's number one dairy firm has announced it has opened a new office in Dubai as it targets growth in the Middle East market.

Murray Goulburn Co-operative Co Limited said the office opening would allow the company - a 100 percent dairy farmer-owned co-operative - to market its milk powders, butter and cheese to important customers and consumers in the region.

Gary Helou, managing director of Murray Goulburn, which also has offices in Tokyo, Ho Chi Min City and Singapore, said: "The new office allows MG to forge strong relationships with local ingredient processors and food service customers."

He added that the product range marketed in the Middle East would be boosted with the launch of a new range of consumer products later this year.

The Middle East and North Africa (MENA) is the world's second largest dairy import region, importing a combined 1.2 million tonnes of dairy produce.

Helou said the demand for dairy products was growing significantly in the MENA region, as in many other parts of Asia and that companies with access to on-farm supply were in a stronger position to service the future market growth.

"The Australian dairy industry is extremely well positioned to help meet increasing Middle Eastern demand for dairy products and contribute to food security in the region. MG, which processes one-third of Australian milk, will have a key role to play," Helou said.

"Exports of Victorian dairy products to MENA were worth AUS$285m in 2011/12, but with Australian dairy accounting for less than 10 percent share of this crucial market, MG believes there is significant untapped potential for future export growth," he added.

Victorian Agriculture Minister Peter Walsh said the establishment of the new MG office reflected major opportunities for growth in exports of Victorian dairy products to the region.

"The company recognises substantial opportunities for export growth in MENA and the establishment of a strategic business unit at its Dubai office will help drive its expanded presence in this rapidly developing market."

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

1
Dubai's nightlife bubble: When is it going to burst?

Dubai's nightlife bubble: When is it going to burst?

A new breed of clubs and bars is sprouting in the city, but which...

12
Chocolate: worth its weight in gold?

Chocolate: worth its weight in gold?

Middle Eastern consumers with a sweet tooth are buying up ever...

Most Discussed