AreaAustralia

Commodity GroupMilk and dairy products

CommodityDairy products

Date20/04/2020

Policy CategoryTrade

Policy InstrumentGovernment support

DescriptionAnnounced a temporary measure to help restore critical global supply chains that have been impacted by COVID-19 containment measures around the world. Called the International Freight Assistance Mechanism (IFAM), it is worth AUD 110 million (around USD 69 million). The IFAM helps producers of high-value agricultural and fisheries products, including dairy products, to resume servicing supply contracts with their international customers.