China Baby Formula Market Defies Birthrate Slump
Despite China’s birthrate hitting record lows in 2025, the outlook for infant formula suppliers has not collapsed as feared, with market dynamics suggesting resilience and new growth avenues for premium brands and overseas players. Births in China last year fell to their lowest level since at least 1949, prompting a sell-off in shares of companies…
Milk Surplus, Butter Slump: Boom or Brewing Trouble?
Last week we returned from our summer break and found the market immediately in full swing. Our activity focused on butter, with cheese prices showing wide gaps and powder prices moving in boring ranges. Although activity was high, out-of-office replies also remained high. Many producers—who had to admit the price trend was down last week—expect…