News

China: Shandong determines the reference price of raw milk trading in the second quarter of 2024: 3.3-3.7 yuan/kg

China
Regulation & Compliances
Market & Price Trends
Published Apr 17, 2024

Tridge summary

The Dairy Branch of Shandong Animal Husbandry Association has announced the reference price for fresh milk in Shandong province for Q2 2024, set at 3.30-3.70 yuan/kg, effective from April 1 to June 30, 2024. This decision, made in consultation with the Shandong Fresh Milk Price Coordination Committee, aims to ensure the steady supply and sale of fresh milk, while maintaining production levels at processing enterprises. Dairy enterprises are encouraged to manage their finances responsibly and adhere to the 'National Food Safety Standard-Raw Milk' (GB19301-2010) for milk quality. The pricing of fresh milk will be negotiated between producers and purchasers, with a focus on quality to promote better prices for higher quality milk.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In view of the current situation of dairy production, in order to ensure that the fresh milk of breeding enterprises is delivered and sold continuously and the processing enterprises maintain production, the Dairy Branch of Shandong Animal Husbandry Association has calculated and solicited the opinions of all members of Shandong Fresh Milk Price Coordination Committee, and determined the reference price of fresh milk transactions in the province in the second quarter of 2024 to be 3.30-3.70 yuan/kg. Dairy enterprises should collect all the receivables and renew the purchase contract as scheduled. The implementation period is from April 1 to June 30, 2024. The quality of fresh milk should meet the requirements of the "National Food Safety Standard-Raw Milk" (GB19301-2010) (protein content 2.8%, fat content 3.1%, total bacterial count below 2 million). The raw milk production and purchase parties should negotiate and ...
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