83% of China's milk powder imports are from New Zealand

In 2020, global market dynamics have shifted significantly in the dairy industry, with notable increases in imports and price hikes observed for various dairy products. Experts have highlighted a doubling of powdered milk imports from Uruguay and Argentina, along with a 30% rise in imports from Finland and Argentina, indicating a substantial shift in dairy sourcing. Additionally, the average price for milk powder surged by one-third compared to the previous year up to May, reflecting the market's adjustment. Beyond milk powder, imports of whey and cream have also seen substantial growth, with whey imports up by 23% mainly from the EU and the USA, and cream imports increasing by 43%, reaching 57,100 tons. These changes underscore the impact of global supply chains and demand dynamics on the dairy industry, particularly affecting milk powder and other related products.