Raw Milk Price Still on Slide in China in March

As MOA monitored, raw milk price was still on slide in China in March 2020. The monthly average was 3. 76 yuan/kg, down 0.06 yuan/kg MoM. The price fell to 3.7 yuan/kg by the end of March.
The milk price during the first three months of 2020 was up 6.6%,  5.5% and 4.7% YoY respectively,  the growth rate continued to shrink.
The large domestic stock of liquid dairy and bulk milk powder,  and the slip of international price for bulk powder and raw milk will all cause a big pressure for domestic milk price in the future.