Will China's Appetite for Cheese Boost Milk Prices?
Last month Chinese officials announced they were lowing import tariffs on certain types of cheese. That’s great news for the dairy markets and will likely lead to an increase in cheese exports. However, while it will help, China’s demand for cheese is not likely going to be enough to compensate for the massive supply of milk and dairy products in the U.S. ”So [these lower tariffs are] a great news story,” Blohm explains. “Right now, the reality is that we have...