Everyone knows China loves pork, but its new affinity is dairy. Throughout Chinese history, dairy was mostly associated with nomadic tribes, like the dreaded Mongolians. Cattle were work animals used to plow the fields. It had a less sophisticated reputation. This historical view of dairy consumption led to a lactose intolerance level at over 80 percent of the population. This contrasts with historical dairy consuming nations like Denmark and Ireland where it is 4 percent. Over the past 10 years, China’s dairy imports have been growing at a CAGR of 10.26 percent, versus a rate of 1.41 percent for the rest of the world (see graph below). So, what caused the turnaround? The Chinese government has been promoting dairy as a healthy...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.