Tridge summary
The text discusses the impact of the Chinese economy on the global dairy market and specifically the US dairy sector. China is the leading importer of major dairy products and its economic situation has become more fragile, potentially leading to a recession. This could result in lower consumption from China, which would have a negative impact on food suppliers, including the US dairy industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
To continue reading the article, log in with your account or register on MilkPoint. Get access to exclusive content! Media headlines often focus on the importance of the global milk and powdered milk market to the U.S. dairy sector and specifically the impact of the trade war with China. China is the leading importer of almost all major dairy products and purchases 27% of all marketed dairy products based on milk solids, with the exception of cheese. China buys 20% of US dairy exports and almost half of whey powder exports. Even when China does not buy directly from the US, by purchasing milk from countries that compete with US exports, it effectively influences US prices. Milk consumption in China exploded in 2021 when Zhong Nanshan ("China's Dr. Fauchi") declared that milk was essential for boosting immunity and reducing Covid risk. That year, China's consumption increase was equal to the global total increase for the ...
Source: Milkpoint
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.