China’s dairy self-sufficiency affects dairy exports

게시됨 2024년 7월 29일

Tridge 요약

A recent report highlights that China's reduction in dairy imports is attributed to its increased self-sufficiency in domestic dairy production. According to Mary Ledman from RaboResearch, China began stockpiling milk powder about four years ago and has since boosted its milk production, achieving a target of 40.5 million metric tons a year ahead of schedule in 2023. This growth is akin to adding another Wisconsin's worth of milk production in just five years. As a result, China has cut back on importing various dairy products but still imports whey powder from the U.S. for its swine industry, as it has not expanded its cheese production.
면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

A recent report shows China’s drop in dairy imports is because they have rapidly become more self-sufficient. Mary Ledman with RaboResearch tells Brownfield China took steps around four years ago to increase stocks of milk powder but pulled back dramatically after stocking up. She says China has also been working to become more self-sufficient with increased domestic dairy production. “They also passed in about 2018-19 time frame kind of their version of the farm bill, in which the government supported the expansion of milk production by the tune of 11-million metric tons.” Ledman says China’s 40.5 million metric ton dairy production goal was reached a year earlier than planned in 2023. “That’s about 25 billion pounds of milk that they added in a five-year period, and Wisconsin produces about 30 billion pounds, so it’s almost adding another Wisconsin within five years, which is very impressive.” Ledman says China has gone from 70% to about 85% self-sufficient. “So, they have ...

더 깊이 있는 인사이트가 필요하신가요?

귀사의 비즈니스에 맞춤화된 상세한 시장 분석 정보를 받아보세요.
'쿠키 허용'을 클릭하면 통계 및 개인 선호도 산출을 위한 쿠키 제공에 동의하게 됩니다. 개인정보 보호정책에서 쿠키에 대한 자세한 내용을 확인할 수 있습니다.