There are early signs that China’s economy is rebounding after Covid-19, but dairy farmers may have to wait to reap the rewards.
There are early signs that China’s economy is rebounding after Covid-19, but dairy farmers may have to wait to reap the rewards.
Westpac’s senior agri-economist explained that the Chinese economy is expected to grow by 6 percent over 2023, an upswing from 2022’s 3.5 percent, but dairy prices have yet to budge.
The Country’s Jamie Mackay says sheep meat markets and export log prices have picked up since early 2023, but global dairy prices have dropped by 5 percent.
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