Tuesday, 01 October 2024 12:25

Dairy giant

Written by  Milking It

OPINION: Part of the reason China is buying less of our dairy produce is their success growing their own supply.

It increased its self-sufficiency in milk production by 11 million metric tons/year from 2018 to 2023, or effectively as much as Australia’s current annual production.

China’s annual domestic production is now in the order of 40 billion litres of milk.

The country’s WMP imports plunged from an average of 820,000 metric tons in 2021 to a mere 430,000 metric tons in 2023.

More than half of that drop was at NZ’s expense – the downside to being the biggest supplier of WMP to China.

Aussie and Kiwi farmers once got good money for Friesian heifers to the China live export market but it certainly helped boost growth of their domestic supply.

More like this

Diplomatic Incident

OPINION: Your old mate hears an international incident is threatening to blow up the long-standing Anzac alliance as Kiwis and Aussies argue over who wants new Australian resident and former NZ Prime Minister Jacinda Ardern.

Birth woes

OPINION: What does the birth rate in China have to do with stock trading? Just ask a2 Milk Company.

Cold comfort

One of the most galling aspects of the tariffs whacked on our farm exports to the US is the fact that, now more than ever, US farmers are being propped up by government welfare – a direct result of Trump’s hardline on its trading partners.

Strong wool eyes China

China looks set to play a key role in helping the New Zealand wool sector shift away from trading as a commodity supplier.

Featured

National

Machinery & Products

» Latest Print Issues Online

Milking It

FTA and Uber Drivers

OPINION: Expect the Indian free trade deal to feature strongly in the election campaign.

Ice Cream Deal

OPINION: One of the world's largest ice cream makers, Nestlé, is going cold on the viability of making the dessert.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter