date:Mar 27, 2014
impact on costs. That situation will persist this year, it said, though with a lessening impact.
The company said falling inventory of dairy cows and restricted imports of international milk formula brought about hikes in raw milk prices in China last year, posing a challenge to mainland dairy enterprises.
The raw milk shortage situation will continue this year, senior vice president Bai Ying told a news conference.
It may still have an impact to the company (this year) but to a lesser exten