Home > News > Stagnant Chinese Economy Tempers Dairy Prices

Milk bottling plantA weakening Chinese economy has caused world dairy prices to fall. The lowest GDP reading for the country occurred in 2020 and has yet to rebound fully. A Daily Dairy Report analyst, Betty Bering, says if the GDP slows much more, China will miss its goal of 5% growth in 2023.

The stagnant growth means fewer dairy product exports. The country’s dairy demand has sputtered despite efforts to restart growth following the pandemic. Shrinking dairy demand could curb global dairy prices for an unknown period.

Read more on dairy prices and China’s limited purchases here.

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