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The continuous inversion of raw milk prices has not resolved the "ranch crisis". Should we continue to slaughter cows?
①In the past year, the industry has continued to 'kill cattle' to reduce overcapacity, but the situation of oversupply has not been reversed; ②The impact of oversupply of raw milk has been fully manifested in the financial reports of large-scale dairy farms and dairy enterprises; ③The current growth rate of raw milk production has further slowed down, and prices are expected to stabilize in the second quarter of 2025.
Mainland encourages local governments to issue consumer vouchers to boost milk consumption.
The Ministry of Agriculture and Rural Affairs and other seven departments issued a notice to promote the consumption of beef and milk, scientifically promote and display the quality and nutritional value of fresh beef and fresh milk, promote the 'student milk consumption', encourage places with conditions to stimulate milk consumption by issuing consumer vouchers, and require stabilizing the basic production capacity of beef and dairy cattle. Localities are required to accelerate the implementation of projects to expand and improve the base of breeding cows, cultivate new types of operation entities such as dairy family farms and dairy farmer cooperatives. Effectively reduce the feed costs of breeding households, utilize feed conversion policies well, and expedite the progress of high-quality feed storage; implement projects to promote the transformation and upgrading of grassland animal husbandry, and improve.
CHINA SHENGMU: INTERIM REPORT 2024
China Shengmu (01432.HK) turned from a half-year profit to a loss of 0.144 billion RMB in performance.
China Shengmu (01432.HK) announced its interim results as of the end of June this year, with sales revenue of CNY 1.491 billion, a 4.7% year-on-year decrease. It suffered a net loss of CNY 0.144 billion, compared to a profit of CNY 23.327 million in the same period last year. The loss per share was 1.8 cents. No dividend will be distributed.
China Shengmu Reports Varied Mid-Year Financials
China Shengmu (01432) announced its interim performance. Shareholders' net loss amounted to 0.144 billion yuan, turning from profit to loss year-on-year.
china shengmu (01432) released its interim performance for the six months ended June 30, 2024, with revenue in RMB...
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