An ag economist is concerned about the future of dairy exports to China.
Ben Laine with Rabo Agrifinance says exports for dairy to China have been pretty good this year but, “We’re a little bit concerned that that’s going to start to slow down. We’ve seen them increase their own dairy production there pretty rapidly. They’ve also been importing pretty substantial amounts over the last several months and building inventory.”
Laine says that along with reports of weaker demand and less discretionary spending in China has him concerned that China will start using what’s in storage and domestic product, cutting the need for some exports.
