date:Jul 31, 2015
Chinese dairy groups will need to break out the cheque book if they are to avoid going the way of their stagnating Japanese rivals, Rabobank has said.
Chinas dairy sector, having enjoyed years of rising volumes and of increasing prices in their domestic market, now faces a new reality as market expansion slows, the bank said.
Slower economic growth and the maturation of several product categories has trimmed underlying volume growth, besides making it more difficult to improve profits by focus