Rabobank: China’s Dairy Import Gap to Widen as Demand Surges
China plays a critical role in global dairy markets as the world’s largest importer, and it is eagerly developing pathways to grow domestic production. According to a recent dairy report by Rabobank, the country’s self-sufficiency rate swings between 70% and 80% and will likely not increase substantially, as domestic dairy production will not satisfy rising…
Dairy Report: What China’s Slowing Economy Means for Dairy
China’s slowing economy is not helping global dairy prices. The country’s second quarter GDP grew 6.3% compared to the same quarter last year, smaller than what analysts expected. Last year GDP grew only by 0.4%, the second smallest growth rate in the past 10 years. Market watchers say China has been importing few dairy products…
How China’s dairy industry is addressing climate change
Global food emissions are a major driver of greenhouse gas emissions, with meat and dairy being the largest contributor within farming. If worldwide emissions remain high, the dairy and meat industries are forecast to lose $39.94 billion annually by the end of this century. To transition food systems to be more nutritious, affordable and environmentally sustainable, farmers…
Dairy industry: PCJCCI underlines Pakistan, China cooperation
Cooperation between China and Pakistan on dairy industry and multifarious demands for high-quality dairy products in China would provide a contemporary path of development for Pakistan’s domestic dairy sector, stated by Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) during a think tank session held at PCJCCI Secretariat today. He said…
China’s continued absence from dairy market weighs on milk prices
China’s continued absence from the dairy market is continuing to undermine a recovery in milk prices. Despite this, both IFA and ICMSA have warned milk processors that farmers cannot afford any further cuts to milk price and believe the market has recovered. It comes as Ornua said its returns declined again in May based of…
Will China continue the downtrend in dairy demand?
China plays a vital role in setting price direction on global dairy markets. During recent times, they have been buying less amid high imports in 2021 and comfortable domestic milk supplies. Farmgate milk prices have been declining in recent months in response to weaker global market prices. While milk production has improved, the reduction in…
Innovations identified as key to dairy sector in China
More efforts should be made in supply chains and innovations to fuel the high-quality development of the domestic dairy industry in China, which will bolster the development of farming and boost the nation’s rural vitalization progress, said deputies to the 14th National People’s Congress. Shi Yudong, a deputy to the NPC and director of the…
China’s Appetite for Consumer Dairy Products Grows
China’s economic growth has slowed dramatically from pre-pandemic gains as the country continues to implement Covid restrictions. China’s appetite for some dairy products, however, has grown as consumers look to value-added products and the country’s pork industry recovers following devastating outbreaks of African swine fever that began in 2018. According to Sarina Sharp, analyst with…