Tridge summary
The China Dairy Economic Monthly Report for August 2024 highlights a continued decline in raw milk prices for the fifth consecutive month, a slight rise in corn prices, and a drop in soybean meal prices. Dairy production from January to July 2024 decreased by 3.4% year-on-year. Major dairy companies like Yili and Mengniu have made significant business moves, including acquisitions and partnerships. The report also covers regional fresh milk prices, large-scale dairy ranch projects in Heilongjiang, Yunnan, and Inner Mongolia, and various company developments such as Ausnutria's acquisition of Amalthea and Beingmate's joint venture with Tonglu Development. Additionally, it details the installation of a 40-ton butter production line in Shandong as part of the Shengdafeier Dairy Industrial Park project.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
China Dairy Economic Monthly Report August 2024 Issue 181 (Total No. 181) Hosted by: Dairy Economic Research Office of the National Dairy Industry Technology System Editor-in-Chief: Liu Changquan Li Shengli Executive Deputy Editor-in-Chief: Dou Ming Table of Contents 1. Overall Situation Analysis 2. Milk Production 3. Milk Source Base Construction 4. Dairy Processing 1. Overall Situation Analysis 1. Raw Milk Market The monthly average price of raw milk continued to fall, falling for 5 consecutive months According to the monitoring data of the Ministry of Agriculture and Rural Affairs, in July 2024, the average price of raw milk in 10 major producing provinces such as Inner Mongolia and Heilongjiang was 3.24 yuan/kg, a month-on-month decrease of 1.8%, a continuous decrease for 5 months, and a year-on-year decrease of 13.8%. The average price in the last week was 3.22 yuan/kg, a decrease of 0.3% from the previous week and a year-on-year decrease of 14.1%. 2. Feed Raw Materials The ...
Source: Foodmate
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