Not exact matches
He noted that the United States and the European Union had higher tariffs than
China on some
imports of shirts and
dairy products.
China outstripped Australia as New Zealand's largest trading partner last year thanks to
dairy exports, whereby milk powder made up for approximately 40 % of Chinese
imports.1 Furthermore, a mutual agreement now makes direct Chinese Yuan - New Zealand Dollar trading possible.
Whether it's
China's demand for
imported milk products, the weather situation in New Zealand, or changes in world
dairy commodity prices, this publication keeps members abreast of the market situation and outlook.
Patty Clayton, a senior market analyst at DairyCo told this publication that the melamine scandal in
China had contributed to an increase in global
dairy imports last year.
«Partial data and anecdotal evidence suggest that
import - buying from
China and Russia has dropped off substantially since the opening 3 to 4 months of the year,» said the bank in its quarterly
dairy market update.
The last time
China came close to that volume was during the 2013/14
import bubble, when Chinese buyers overestimated their
dairy needs and
imports spiked.
But even a down month is unlikely to blunt
China's steady
import growth, nor its lofty position as a bellwether for global
dairy trade.
Demand for
imports of bulk
dairy products has fallen in the world's biggest consumer,
China, while Russia, the second - biggest market, has continued to ban
imports from many Western countries.
The co-operative cited a spike in the Australian dollar and a global
dairy market that continues to weaken after
China slashed its spending on bulk
dairy imports and amid Russia's ongoing trade sanctions on many western products.
«The balance between available
dairy exports and
imports has been unfavourable for 18 months,» he said, citing Russia's trade embargo on many western
imports and falling demand in
China.
Then,
China cut its
dairy imports after stockpiling milk powder, and Russia imposed sanctions against the U.S. by halting trade.
Australian milk production has plunged 20 per cent to about 9 billion litres a year, while farm prices have fallen, leading in some cases to bank foreclosure.But Mr Rowley said these factors strengthened the case to create a listed
dairy farm: «From 2007 to 2011
China tripled
dairy imports and
dairy demand is 10 billion litres a year, which is more than the whole of Australian production.»
«While the economies of
China, South East Asia and MENA are growing more slowly, incomes will still show good growth, consumers will buy more
dairy and
imports will remain attractive,» said the report.
The US
Dairy Export Council expects another challenging year for the dairy market in 2016 as Russia and China continue to reduce their reliance on imp
Dairy Export Council expects another challenging year for the
dairy market in 2016 as Russia and China continue to reduce their reliance on imp
dairy market in 2016 as Russia and
China continue to reduce their reliance on
imports.
China has not been able to stimulate its local
dairy production industry to meet the shortfall, while the devastating melamine infant formula scandal in 2008 has pushed many consumers to
imported products, which they believe are safer than Chinese - made formulas.
China's appetite for
dairy imports is growing again and US consumers are eating more butter and cheese, but recent improvements in global prices are set to be swamped by an even higher tide of milk production from Europe.
China is the largest importer of
dairy products currently, and
imported over 347,000 tonnes of whole milk powder in 2015.
China will see «constrained
imports» of both skim milk and whole milk powder in 2018, with buy - ins undermined by a rebound in the country's own
dairy production, enhanced by industry modernisation.
China, Vietnam and Russia have banned the
import of milk powder and whey protein from the New Zealand
dairy giant Fonterra after a botulism scare.
Shares in Australian sellers of
dairy products to
China, including Freedom, a2 Milk, Blackmores and Bellamy's, were hit last month by reports of more taxes and new restrictions on
imports.
«Unfortunately, this downturn was then exacerbated by several other developments, including
China slashing its purchases, Russia banning
dairy imports from the EU, plus EU
dairy quotas being removed in April this year,» it said.