date:Dec 29, 2015
but we expect Chinese milk production to continue to grow.
There are three basic keys here to strengthening global dairy markets: a pullback in milk production, destocking and demand expansion.
Economic growth projections suggest we will not get a huge demand lift in the near future, so the bottom line is that 2016 appears poised to be a year of gradual rebalancing and destocking, setting the stage for tighter market conditions in 2017 and carrying over into 2018.
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