China Ending Its One-Child Policy Offers a Boost to Dairy Demand
- Country is top consumer of milk powder used in infant formula
- World dairy prices fell this year on Chinese import slowdown
Will Ending the One-Child Policy Benefit China's Economy?
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China’s decision to end its one-child policy offers a boost for embattled dairy producers.
The country, the world’s biggest consumer of dried milk powders used in infant formula, is ending the three-decade policy and will allow all couples to have two children, the official Xinhua News Agency said Thursday. World milk prices have slumped this year in part because of a slowdown in Chinese imports, with the benchmark GlobalDairyTrade auction price falling in August to the lowest on records going back to 2008.