China’s dairy self-sufficiency affects dairy exports

Published 2024년 7월 29일

Tridge summary

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

Original content

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 ...

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