date:Feb 01, 2016
downward prices, however, is the ongoing growth of milk supply in Europe and the US, adding that the slowdown in the Chinese economy has had little impact on consumer demand for high-end foods.
Right now, [Chinese] consumers want premium products and are willing to pay premium prices for them, said Gregg Wafelbakker, Westlands China head.
Demand for premium dairy products, such as UHT milk, UHT cream and infant formula, continues to enjoy growth rates between 10-30%.
Intense competition
Howe