Import market for Whey in China (6월, 2022)

Global milk powder prices peaked in the first half of 2022 due to a combination of high milk production speeds and weakening demand, largely due to Covid-19 lockdowns. This has led to a decrease in Chinese dairy imports, with a expected 34% decline in whey-free import demand for 2022. High feed costs and weather issues are also impacting dairy farmers in the Big-7 dairy exporting regions, leading to a contraction in milk production for the fourth consecutive quarter. This is expected to continue into Q2 2022, with a predicted 1.1% decline in milk production. Inflationary pressures are also impacting consumer purchasing power, with some countries implementing measures to protect low-income families.