Global milk prices continue to climb, now reaching multi-year highs, in part because of soaring demand for dairy products in China.
China's economy is growing more slowly, but local consumers are eating more dairy products added to baked goods and teas, such as cream tea or cheese tea. Dairy products used to be a staple of Chinese cuisine, but Chinese consumers are drinking more milk, pursuing desserts stuffed with whipped cream and adding cheese to everyday dishes like spring rolls and sweet dumplings.
Prices for skim milk powder rose 31% in the u.s., 39% in Europe and 49% in Oceania last year, the Wall Street journal reported. Skim milk powder is a common ingredient in mass production of ice cream, chocolate, cake and bread.
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According to U. S. DairyExportCouncil, the U.S. Prices for whole milk powder are up 14% from a year ago.
根据美国乳制品出口协会（Ｕ．Ｓ． Ｄａｉｒｙ Ｅｘｐｏｒｔ Ｃｏｕｎｃｉｌ），美国、欧洲及大洋洲１１月的脱脂奶粉价格为每公吨２６８３美元，创２０１４年１０月以来的最高价位水平；全脂奶粉价格也比一年前上涨１４％。
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Higher milk prices are good news for dairy farmers around the world, helping them recover from years of low returns and oversupply in some areas. In the United States, for example, a huge surplus of milk was dumped on farmland and elsewhere in 2016 as milk prices collapsed.
China is expanding milk imports to meet domestic consumer demand. Since the outbreak of tainted milk powder, the country has turned to massive imports of baby formula and other foods. Imports of skim milk powder and whole milk powder rose in the eight months ended Aug. 31, up more than a third and 23 percent, respectively, from the same period last year, according to customs data.
Some analysts were surprised by the jump in Chinese imports, as they had earlier warned that u.s.-china trade tensions and a slowing Chinese economy could weigh on mainland dairy demand.
The U.S. has never been a big supplier of milk powder to China. Even so, U.S. dairy producers have been responding to rising demand for dairy products in the United States and Asia, as well as higher prices in the world's two largest dairy exporting regions.
European dairy farms may see a decline in nonfat milk powder production next year, presenting a 'golden opportunity' for U.S. dairy farmers, said Charles betger, global head of high grounds airy, a U.S. dairy trade consultant.
美国乳制品贸易顾问公司Ｈｉｇｈ Ｇｒｏｕｎｄ Ｄａｉｒｙ全球业务主管贝吉儿说，欧洲乳牛场明年的脱脂奶粉产量可能下滑，形同为美国酪农带来绝佳的机会。