China dairy trade monthly report, June 2024

Published Jun 27, 2024

Tridge summary

The June 2024 Analysis Report by the Dairy Economic Research Office highlights a significant decline in China's dairy imports from January to May 2024, with a 15% drop in total imports and a 24.6% decrease in import value. Notable declines were seen in bulk powder and infant formula milk powder, while imports of cheese, cream, condensed milk, and milk protein increased. In May 2024 alone, dairy imports fell by 17.6% year-on-year. Dairy exports increased by 20.4% in volume but decreased by 2.3% in value, with Hong Kong being the main destination. Additionally, oat hay imports surged by 203.7%, and the average price of dairy imports decreased by 3.5% compared to the previous year.

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

Original content

June 2024 Analysis Report 2024 Issue 6 (Total Issue 208) Hosted by: Dairy Economic Research Office of National Dairy Industry Technology System Editor-in-Chief: Liu Changquan Li Shengli Executive Deputy Editor-in-Chief: Dou Ming Contents 01 Overview of Dairy Trade 02 Trade in Dairy Raw Materials 03 Trade in Consumer Dairy Products 04 Trade in Genetic Materials 05 Forage and Feed Raw Materials 01 Overview of Dairy Trade Overview of Dairy Trade 1.1.1 Imports of Dry Dairy Products from January to May 2024 -16% to 810,000 tons, Liquid Milk -11% to 290,000 tons From January to May 2024, my country imported a total of 1.0946 million tons of various dairy products, a year-on-year decrease of 15%, and the import value was US$4.505 billion, a year-on-year decrease of 24.6%. Imported dairy products were converted into 6.74 million tons of fresh milk, a year-on-year decrease of 16% (dry products are converted at a ratio of 1:8, and liquid dairy products are converted at a ratio of 1:1, the ...

Source: Foodmate