China's dairy farmers face financial strain due to low milk consumption and oversupply.

China's dairy industry is in crisis due to low milk consumption, causing an oversupply and dropping prices. Despite the government's push for increased dairy production, consumer demand hasn't kept pace, leading to financial strain on farmers. With the potential impact of a declining birth rate and consumers prioritizing experiences over premium dairy, farmers are struggling. Up to 300,000 cows may need to be culled to ease overcapacity, and while the agriculture ministry has called for more support, farmers report receiving little assistance.

November 10, 2024
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