date:Aug 07, 2014
ter steadily rising since March, stocks of milk powder held by China's large diary companies reached a record high of about 400,000 tonnes in July, said Song Liang, a veteran Beijing-based analyst who has covered the country's diary sector for over 10 years.
It will take about 3-4 months to digest those stocks, after taking into consideration of the new supply that is being added into the market every day, Song said.
RECOVERY EXPECTED
China's burgeoning appetite for dairy produce from infant