date:Jul 04, 2014
line in this period, the value of SMP exports to China climbed to almost 90million in these four months up from 16million in 2013.
Chinas domestic milk supply is now reported to have stabilised following a drop in production in the latter part of 2013, which resulted from a combination of factors including disease, high feed prices and industry consolidation. Rabobank expects a period of stable Chinese buying in the second half of 2014 due to a slowdown in local demand growth and a strong stoc