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Peak season's lackluster performance leads to another drop in raw milk prices. Is overseas bulk powdered milk still cost-effective? | Industry News
Since November, the price of raw milk has reached a new low in this cycle, and the import volume of bulk powder has been declining for eight consecutive months compared to the previous year; currently, domestic bulk powder has started to be exported at low stock prices to some major producing countries; experts believe that this trend of declining import of dairy products will continue.
Pacific Alliance Group Limited reduced their shareholding of You Ran Agriculture (09858) by 4.002 million shares, with a price of approximately 1.31 Hong Kong dollars per share.
On October 21, Pacific Alliance Group Limited reduced its shareholding of Uni-President Agriculture(09858) by 4.002 million shares, with a price of 1.3074 Hong Kong dollars per share, totaling approximately 5.2322 million Hong Kong dollars.
Hong Kong stocks move differently | Dairy stocks lead the gains, increased policy support for the dairy industry since September, Q3 fundamental conditions of various dairy industries are expected to improve.
The dairy industry stocks led the gains, as of the time of publication, China Feihe (06186) rose by 5.21% to 5.86 Hong Kong dollars; Ausnutria (09858) rose by 3.85% to 1.35 Hong Kong dollars; Mengniu Dairy (02319) rose by 3.27% to 16.44 Hong Kong dollars; Ausnutria (01717) rose by 2.02% to 2.02 Hong Kong dollars.
The Municipal Administration for Market Regulation has publicly solicited opinions on strengthening the management of raw materials for infant formula milk powder.
The State Administration for Market Regulation issued the "Notice on Further Strengthening the Management of Raw Materials for Infant Formula (Draft for Soliciting Opinions)", urging companies to further implement their main responsibilities to effectively ensure the quality and safety of infant formula. The draft requires infant formula production companies to continuously improve the management system for raw material procurement and acceptance; for those using dry processing technology, the raw materials should not only meet the corresponding food safety standards, but the microbiological indicators should also meet the requirements of infant formula product standards. For those producing infant formula using base powder, they should gradually shift to using base powder produced by companies qualified for infant formula production within two years from the date of announcement. The draft.
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.
Seven departments jointly issued a notice to stimulate dairy product consumption, brightening the prospects of the dairy industry.
Under the pressure of the industry, seven departments join hands to rescue the market, and this measure will have a profound impact on the entire dairy industry market.
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