Farmers' hard work going down the drain

With nowhere to sell their product, some Chinese dairy farmers have resorted to throwing out milk and killing their cows.

"A ton of milk has to be discarded each day," said dairy farmer Pei Shuke in Shandong province. "We have rarely been this desperate."

Slumping global milk prices since the second half of 2014 have pushed many dairy farmers to desperation, and many say a long-term price mechanism is urgently needed to rescue farmers from their plight.