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BUSINESS & TECH

Dairy Farmers Cheesed Off by Low Prices

Cows are fed at a dairy farm in East China’s Jiangsu province on June 22. Photo: VCG
Cows are fed at a dairy farm in East China’s Jiangsu province on June 22. Photo: VCG

* The average price that dairy companies paid producers for raw milk at the end of June fell to its lowest since December 2012

* The amount of raw milk imported by China from all countries nearly doubled from 2012 to the first quarter of the year

(Beijing) — Raw milk prices have dropped to their lowest point since 2012, further threatening the revenue of Chinese dairy farmers already facing tough competition from imports.

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