Friday, March 29, 2024

China imports 2014

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China’s dairy imports during 2014 were at record levels for whole milk powder (WMP), skim milk powder (SMP), and cheese, but all of the increase was front loaded to the start of the year.
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Remarkable first and second quarter imports eventually lead to oversupply and a collapse to prices and imports. WMP imports in the first and second quarters of 2014 were 72% and 76% higher than imports in 2013. A similar trend was seen in SMP, where first and second quarter imports were up 100% and 62% year-on-year respectively.

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