date:Oct 13, 2012
imported milk powder in China recently reached 50 percent, up from 30 percent in 2008, and the market share of imported high-end infant powder in the Chinese market is even higher, at 70 percent, according to industry experts.
While the price of foreign dairy brands has been soaring over the past several years, the price of imported raw milk has dropped steadily.
This price inversion has prompted many Chinese dairy producers to seek to control their overseas sources of cheap milk, industry an