date:Nov 27, 2013
nce food safety standards and boost consumption of local products. Apart from policy-driven consolidation, the severe shortage of raw milk in China will also likely force companies to step up consolidation along the industry value chain.
In 2013, the supply shortage will exceed 4mn tonnes compared with 1.7mn tonnes in 2010. And growth in dairy consumption, estimated at CAGR of 8.2% for2012-2017, will continue to outpace the increase in raw milk supply, which is estimated at only 1.2% CAGR for