Jun 23 2008 | China, Peoples Republic of | South China, where opportunity knocks for high value U.S. dairy ingredients
Highlight: In recent years, consumption of dairy products in South China has grown due to increasing disposable income, demand for protein, number of stores and improved distribution. Lack of domestic milk spurs demand for imported dairy ingredients including whey, powdered milk, lactose, cheese and butter. The US, as a globally dominant supplier of whey and other dairy ingredients, can compete on price with the EU, Oceania and South America in China. Long term upward prices constrain exports to China, although the weakening dollar offers some relief. Current Chinese standards exclude imports of deproteinized whey for food use. High end niches including delactose products, functional and energy products are best prospects.
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