FULL OF PROMISE, CHINA GETS MORE CHALLENGING FOR INTERNATIONAL DAIRY FIRMS
July 1st, 2008
BY MARK GODFREY
FOREIGN brands are battling to secure milk supply to tap a market that the food business dared not dream would actually emerge - a sustained increase in sales of dairy products in China. Wang Yue Jing, general manager of the Beijing Cang Da Cow Breeding Agriculture & Commercial Co, said he was offered Chinese Yuan - RMB 300,000-a-year (US$43,960) in trucking subsidies by France's Danone to supply his daily output of 16 tonnes of milk. He currently drives to plants owned by leading local brands Bright Dairy and Mengniu (neither pays trucking ...
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