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.
Not exact matches
While the auto and
dairy industries» fear of cheaper
import products and increased competition is understandable, the solution is not to close our doors to
global trade and risk eroding Canada's position in the world economy.
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.
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.
A Victorian
dairy company is re-assessing its $ 500 million plan to produce and process its own milk, citing setbacks caused by a
global oversupply of product and uncertainty around Chinese
import regulations.
It joined a number of milk powder ventures that collapsed in the wake of a
global oversupply of
dairy and uncertainty around Chinese
import regulations.
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.
Russia's ban on
imported agricultural products, including
dairy products, is due to end in December 2017, boosting
global dairy prices, says an industry report.