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China’s dairy market is getting more competitive. Consumers, however, prefer imported dairy products over domestic ones, due to the lack of confidence and price advantages, according to the analysts at CCM, data & business intelligence.
Because China has sufficient domestic production, it can decide to use what it makes or import dairy products, says an analyst at of INTL FCStone Financial.
At today’s Annual Dairy Outlook Conference, analyst Robert Chesler said China has the “luxury” of using its domestic milk supply or dumping it and buying imports if that is more advantageous.
DFA is the top milk processor, Graham’s The Family Dairy to sell ice cream in Scottish retailer Lidl, Nestle will build factory in Vietnam and other international dairy news.
International dairy news round-up: Spain’s Alimentaria food show features dairy products. Fonterra makes news in China, New Zealand. Rabobank says EU production growth dampens dairy's eventual recovery.
Volume growth in the Asia-Pacific/Latin America/Middle-East/Africa regions increased 3.8% in the first half compared to last year; volume declined in the rest of the world.
Group Danone, Paris, said its first-half sales increased 4.6%, led by increases in the company’s water, early life nutrition and medical nutrition business lines. Zhongding to build massive Sino-Russian dairy project in Heilongjiang, China.