Chinese dairy imports pick up
After the devastating year of 2022 for Chinese Dairy imports, all eyes were and continue to be on 2023. Will imports improve? Today, China has published May import data. The single month of May is pretty sound but the YTD May continues to suffer from the bad start of the year. In May we see strong results […]
GDT bounce, but gains seen fragile on weak fundamentals
Global dairy prices rebounded in Wednesday’s auction, but a sustained recovery in rates that have tumbled by a third over the past year is not on the cards due to abundant supply and reduced buying by top importer China, analysts said. The Global Dairy Trade price index, which is underpinned by prices from the auction […]
China’s Dairy Imports Slow along with Economy
China’s dairy imports have slowed amid rolling Covid lockdowns and a weakening economy that has many analysts slashing their 2022 and 2023 economic growth estimates for the country. Goldman Sachs, for example, recently cut its estimate for China’s 2023 gross domestic product (GDP) from 5.3 percent to 4.5 percent. This year’s GDP for China is […]
