China's dairy imports jumped 26% in June year, European output slowed, Fonterra says

Jonathan Underhill
Wed, 17 Aug 2016

By Jonathan Underhill Aug. 18 (BusinessDesk) - China's imports of dairy products jumped 26 percent in the 12 months ended June 30 while growth in European Union milk production slowed for a third month in May, signs that the global dairy market may be starting to return to balance. Fonterra Cooperative Group's Global Dairy Update says European milk production growth is at its slowest since early 2015 and rose just 1 percent in May from the same month last year, for a 12-month gain of 4 percent. Milk output fell 2 percent in both Australia...

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