The growth rate of dairy consumption is slowing down, farming costs are high, and milk prices continue to decline due to relative excess milk sources, causing upstream ranches to experience a “harsh winter.” This is also reflected in the financial reports of related companies. As of the press release on April 9, many ranches, such as Youran Animal Husbandry, Modern Animal Husbandry, and Australia and Asia Group, have published their 2023 annual reports, and many companies “did not increase profit” or lose money. (Securities Daily)
奶价持续下行 牧场频现亏损
Milk prices continue to decline, and ranches are losing money frequently
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