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Will new formula imports bring down prices in China?

Friday, 10 April 2015 13:55 Published in News & Updates

New Hope Trading recently unveiled in China a 99 yuan (US$16) infant formula from New Zealand. Another importer, Yashili, also announced that it will launch an imported baby formula at around 100 yuan (US$16) a can, according to Shanghai's China Business News. A dairy industry source said that the cost of imported formula is about 67 yuan (US$10.80) a can,. Read more

Don’t go to HK just for milk powder, urges Shandong governor

Monday, 09 March 2015 08:09 Published in News & Updates

China - BEIJING, March 8 — The governor of China’s Shandong called on those from the province not to go to Hong Kong for milk powder, so popular with Chinese tourists concerned about food safety that it’s sparked anger among the city’s residents who say local supplies are being sapped..Read more

China Exclusive: Will China become cash cow for Australia's dairies?

Monday, 16 February 2015 16:07 Published in News & Updates

China - NANNING, Feb. 15 (Xinhua) -- Australian dairies are preparing an onslaught on China's market, now that a free trade deal has made things easier for them. The free trade agreement means China will eliminate a 5 percent tariff on Australian milk formula within four years and the 9 percent tariff on liquid milk will go within nine years..Read more

China dairy imports reach record levels in 2014

Monday, 16 February 2015 08:20 Published in News & Updates

China - There was strong growth in liquid milk, cheese and butter while imports of whey powders fell slightly, according to Bord Bia. Demand for imported dairy is expected to increase in 2015, with Chinese farmers struggling to compete with foreign prices. China’s dairy demand is growing in line with urbanization trends..Read more

Ingredients for dairy price revival starting to fall into place

Friday, 13 February 2015 09:29 Published in News & Updates

The dynamics, including increased Chinese interest, required to spark a revival in dairy prices are beginning to slot into place, although the market is "unlikely to stage a dramatic recovery any time soon".Industry group Dairy Australia warned against expecting too much short term of a dairy market which has, at GlobalDairyTrade auctions,..Read more