The May issue of Dairy
Products China News has been come out recently. The latest issue focuses on
infant formula market, covering the new giant in this market and restriction of
bovine colostrum in infant formula. Besides, new standard for food fortification
ingredients is discussed in the May issue as well.
China is, as
ever, awash with statistics. According to the National Bureau of Statistics the
country’s retail sales climbed 14.1% in April to RMB1.56 trillion ($247.8
billion), the slowest increase in the past 66 months. In real terms this
represented a rise of 10.9%. The current price figure was less than the 15.2%
increase seen in March 2012 and below general expectation. Urban retail sales
of consumer products rose 14% to RMB1.36 trillion ($215.36 bn) year-on-year;
rural regions’ sales rose 14.5% to RMB204.9 bn ($32.44bn). Last month’s overall
economic data was generally weaker than had been anticipated. One example:
sales of residential properties fell 13.5% year on year to RMB1.03 trillion
during January-April 2012, and
sales of office properties fell 14% to RMB 54.3 billion.
The situation has just prompted the Chinese Government to cut the reserve requirement ratio for
local banks from May 18 by 50 bps to 20%. The cut was the 3rd in 6 months and
frees up an additional RMB400 billion in the banking system, although China’s major
banks have declined, looking for a larger cut.
The market future continues to be the subject of intense
debate and has been much discussed at recent dairy industry events – notably at
SIAL in Shanghai, ADPI in Chicago
and even at the DIN conference in London.
Despite the information available it struck us in discussions that a number of
the exporters and distributors were surprisingly uninformed on the Chinese
dairy marketplace. It’s often easier to strike some deals than consider the
bigger issues – and there’s always a danger of information overload – but is
this the right market or time for a high risk approach?
Check more details and discover
the potential business opportunity in Dairy Products China News, co-published by CCM International and Orrani Consulting.
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