A dairy economist says demand from China this past October was weaker than expected.
Nate Donnay with INTL-FCStone says while some of the slow down might be tied to increasing global prices, it also may because of a skewed product mix coming from New Zealand.
“We should have seen Chinese imports up five to ten percent, instead, Chinese imports on a milk equivalent basis were down 2.9 percent.”
He says dairy demand from Chinese consumers remains strong,
but feed demand is weakening.
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