Date
18 August 2017

China gearing up for dairy industry consolidation, report says

China’s Ministry of Industry and Information Technology will begin implementing a consolidation plan for the nation’s dairy industry next year, with plans to reduce the number of formula milk powder producers by 40 from the current 127 and concentrating 65 percent of the industry production in the hands of the top 10 producers, news website Caijing.com reported Monday, citing the ministry’s consumer products industry department. Wang Liming, head of the department, said at a ministry work meeting on Friday that the plan has been submitted to the State Council, the report said. A ministry source was quoted as saying that the goal is to complete the consolidation by the end of 2018.

– Contact HKEJ [email protected]

TL/MY/RC

 

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