date:Aug 07, 2014
ions at France's Danone and record fines for price fixing by milk powder firms contributed to a spike in prices and brief shortage of milk powder in China in mid-2013.
That prompted Beijing to encourage local milk powder companies such as Inner Mongolia Yili Industrial Group Co Ltd and China Mengniu Dairy Co Ltd to ensure stable supplies.
China's imports of milk and milk powder jumped close to an annual 70 percent to 830,000 tonnes in the first half of this year, according to customs data.
Af