Excess milk supply to ease China's market in second half of year

Published 2024년 12월 23일

Tridge summary

China is facing a milk supply surplus that is expected to persist throughout the first half of next year, according to the Ministry of Agriculture and Rural Affairs. This situation is attributed to the growth in the number of dairy cows, which began in 2018, and has resulted in milk production exceeding the 2025 target set by Beijing. In an effort to balance the supply and demand in the dairy industry, authorities have suggested ways to reduce production, such as optimizing herds by culling less productive cows. Despite the recent decline in milk consumption due to a decreasing birth rate and reduced household spending, the ministry remains optimistic about the industry's growth potential.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China's milk supply glut will persist in the first half of next year. The situation will normalize in the second half of the year thanks to efforts by Chinese regulators, the Ministry of Agriculture and Rural Affairs predicts. "The number of dairy cows in the herd is gradually being adjusted and optimized, and the overall volume of milk production remains stable. The supply-demand imbalance in the dairy industry is expected to gradually ease in the second half of next year, but the excess milk supply will continue to exert quite strong pressure in the first half of the year," Reuters quotes the agricultural ministry as saying. In September, the authorities issued recommendations to control the volume of dairy production. Among other things, they provide for the optimization of herds by culling old and less productive cows, as well as measures to further stimulate consumption. The number of dairy cows began to grow in 2018, when the Chinese authorities took a course on developing ...

Source: Milknews