By 2020, the country should have achieved substantial results in the supply-side structural reform of the dairy industry and made marked progress in modernizing the sector, according to guidelines released by the General Office of the State Council.
Milk self-sufficiency should be maintained above 70 per cent, according to the guidelines.
By 2025, the dairy industry should have been ”invigorated in an all-round manner,” with milk supplies, dairy processing and quality, and industrial competitiveness at world-leading levels.
The Chinese dairy market is forecasted to grow by 6.6% CAGR until 2022 with consistent sales increases predicted for yogurt and cheese, according to new research from Mintel.
Since 2014 yogurt has posted an annual retail sales growth of over 20% in China, and between 2015 and 2017 cheese saw a growth rate of between 15% and 25%.
The news follows research published last year which predicts that China will overtake the US as the world’s largest dairy market by 2022.
Global meat and dairy production and consumption must be cut in half by 2050 to avoid dangerous climate change and keep the Paris Agreement on track, says a new Greenpeace report. If left unchecked, agriculture is projected to produce 52% of global greenhouse gas emissions in the coming decades, 70% of which will come from meat and dairy.
2017 was another record year for food and drink industry transactions, with 727 registered in the bevblog.net mergers and acquisitions database, an average of almost 14 each week, according to Zenth Global..
The total is 103 more than in 2016 and 40% higher than five years ago. The number has increased each year apart from a dip in 2013.
The most active sectors were dairy on 72, ingredients and soft drinks on 68, then packaging on 54. Beer on 40 was ahead of spirits on 37 and wine on 30.
New analysis from Euromonitor International suggests that China will replace the US as the world’s largest dairy market by 2022 as consumer demand for dairy grows in China, driven by an expanding appetite for yogurt, while US consumers become more wary of milk and flavoured milk drinks which they are perceiving to be unhealthy due to their high sugar content.
Don’t forget to follow the trading price index at GDT. It went down 0.4 per cent on the passed tuesday.
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The FAO Dairy Price Index averaged 216.6 points in July, up 7.6 points (3.6 percent) from June and 74.3 points (52.2 percent) above its value in July 2016. Despite this latest increase, the Index is still 21 percent below its peak reached in February 2014.
International prices of butter, cheese and Whole Milk Powder (WMP) increased, but those of Skimmed Milk Powder (SMP) declined. Tighter export availabilities pushed butter prices to a new high in July, widening the spread between butter quotations and other dairy products further. While strong buying activity from Asian importers also underpinned cheese and WMP quotations, SMP prices were weighed down by slack demand and prospects of larger releases from the intervention stocks in the EU.
Global Dairy Processing Equipment Market is expected to grow at a CAGR 5.2% during the forecasted period from 2016-2021. Global Dairy Processing Equipment Market is growing at a modest rate due to huge consumption of processed milk, cream, cheese, buttermilk, yogurt, milk powder and protein concentrates across the globe.
Global rise in adoption of dairy processing equipments such as pasteurizers, homogenizers, separators, evaporators & dryers, churning machines, crystallizers and so on are driving the market.
Processed milk has considerable market share in the dairy processing equipment market and milk powder and protein concentrates are among the fastest-growing segment due to wide adoption across the globe. Rising demand of milk powder in daily consumption and as an ingredient in sports nutrition and baby feed is creating scope for the market.
“It is vitally important that the UK dairy industry is recognised and prioritised during Brexit negotiations”, Dr David Dobbin, Chairman of Dairy UK, said speaking at Dairy UK’s Brexit and Beyond industry seminar in London and at the organisation’s annual dinner.
Dr Dobbin said it is in the national interest for dairy to be given due prominence during the Brexit process. He said: “The importance and relevance of dairy must not be forgotten or traded to the benefit of other sectors.”
Dr Dobbin told delegates that the dairy industry in the UK sees opportunities as well as threats in Brexit but everyone wants stability. He said the UK government and all political decision-makers must ensure that: trading arrangements with the EU without tariff and non-tariff barriers are continued; the relationship with the EU is clarified before negotiating free trade agreements with third countries; there is continued access to skilled and unskilled labour; any review of existing regulations or the introduction of new regulations will not create non-tariff barriers; UK farmers are not disadvantaged compared to their European neighbours.