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Chinese Dairy Imports Rising Again

13 April 2015

CHINA - Imports of whole milk powder into China in early 2015 reached levels not seen for the last six months, according to data from European dairy trade representatives Eucolait.

The data show an increase in dairy imports during January and February compared to the low levels seen during the later half of 2014.

China has high levels of storage capacity meaning the country is often able to take advantage of low global commodity prices.

DairyCo analysts said that Chinese stock levels could be crucial over the coming months to the rate of recovery in wholesale prices.

If global supply signals begin to ease further, it could trigger an increase in activity from key buyers. However, if stocks are plentiful it could be longer before this happens.

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