Hebei Further Heightens Raw Milk Reference Price

Hebei further raised the reference and bottom price in Q4 2019, which is 3.85 and 3.62 yuan/kg respectively.
During the same period of last year, the reference level was 3.5-3.8 yuan/kg and the bottom was 3.4 yuan/kg.
In Q3 2019, the raw milk reference price was 3.84 yuan/kg and the bottom was 3.56 yuan/kg. There was a substantial growth both YoY and MoM.