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For some, the accelerated transformation of China’s dairy industry is already showing some success.
For some, the accelerated transformation of China’s dairy industry is already showing some success.
(JENNIFER ROBERTS For The Globe and Mail)

Chinese thirst for milk powering dairy producers

If you want to play the China commodity card, don’t invest in black gold, buy the white powder. Not that marching powder from the Andes, but body-building milk protein from Antipodean dairy cattle. Excitement about Chinese demand for milk has sent prices for milk powder soaring, high enough for Canada’s Saputo Inc. to make an eye-watering $515-million Australian ($498-million) offer for Warrnambool Cheese and Butter Co., a medium-sized Australian dairy producer.