China’s Raw Milk Price Rose Further in July

According to monitoring data from MOA, from August 2018 to February 2019, China’s raw milk price saw continuous growth for seven consecutive months. From March to May, the monthly raw milk price saw a continuous slide, of which March saw a big month-by-month slide whereas April and May saw smaller slide.
Raw milk price bounced back in June, the monthly price being 3.55 yuan/kg, up by 0.02 yuan/kg from the previous month.In July, raw milk price went up to 3.58 yuan/kg, up by 0.03 yuan/kg from June and up 0.21yuan/kg or 6.2% YoY.