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Australia has been competing in the entire world in terms of dairy markets which are present globally. In Australia and New Zealand the dairy is said to be the 3rd largest industry. It has a total production value of around $4 billion. This industry has been strong in Australia and New Zealand as it provides an employment opportunity directly to around 43000 Australians. Around 9.5 billion ltrs of milk is produced on an annual basis by around 6700 farmers. They are said to be the 4th largest exporters of milk in the year 2011-12. The first graph shows that there has been consistent increase in the production and export of Milk from the country of New Zealand that supports the Australia in its being 4th largest export and production of the milk and forming the most important industry in terms of employment. The other image is showing the 7 most revenue generating companies in Australia with the revenues that they have generated in 2012-13 and the number of employees they have been employing. The data and statistics reveal that the dairy sector in Australia has been generating higher revenues for the country. The sector has been generating a lot of revenues and the country has been successful due to this sector only (Ahlborn & Dempfle, 1992).
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