News

China's milk powder purchases expected to increase by end of 2024

Milk powder
Dairy
China
Market & Price Trends
Published Mar 25, 2024

Tridge summary

At the Price Outlook 2024 conference, economist Mercedes Baraibar provided an analysis of the 2023 international dairy market and future projections. She highlighted that no significant changes in production are expected in major exporting regions due to tight margins and adverse weather. The average price of whole milk powder in 2023 has remained stable, mirroring the decade's average in Oceania. Despite a decrease in China's whole milk powder imports in 2023, an increase is anticipated by the end of 2024, albeit still below historical averages. The purchasing patterns of China and Algeria are pivotal in determining whole milk powder prices, underscoring the influence of Chinese demand variability on the market.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

To continue reading the article, log in with your account or register on MilkPoint. Get access to exclusive content! During the annual Price Outlook 2024 conference, held by Inale on Tuesday, March 20, at its headquarters, economist Mercedes Baraibar presented an overview of what the international dairy market has left in 2023 and made some projections about what could happen for the remainder of this year. The member of Inale's Department of Information and Economic Studies said that, in the current international context, no significant variations in production are expected in the main exporting regions (European Union, Australia, New Zealand and the United States). Over the past two years, global production has stagnated due to tight margins and adverse weather events that have not encouraged increased production. Baraibar showed that, despite the strong volatility of the international dairy market, when analyzed from ...
Source: Milkpoint

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