Huishan Dairy plans to raise up up to $1.3 bln Hong Kong IPO
date:Sep 10, 2013
of cows and boost production.

Macquarie said China's raw milk supply shortfall reached a record high in 2012 while only 17 percent was considered premium quality.

Scarcity of quality raw milk was to blame for most safety incidents, Macquarie said in a research report in July, referring to the recurring issue of chemical-tainted powdered milk.

As of 2012, the top 10 dairy farm operators in China had a total herd size of just over half a million, or 3.7 percent of the total number of cows in C
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