Only quality first can revive Chinese dairies

MORE THAN HALF OF CHINA'S DAIRY FARMS are reportedly incurring losses. Some dairy farmers have killed their cows or fed unsold fresh milk to pigs to cut their losses. China Youth Daily commented on Tuesday:

The oversupply of milk seems to be an unlikely scenario for a country where the per capita consumption of dairy products is only one-third of the world's average. But it does seem to be the case.

On the one hand, imported dairy products are cheaper than their overstocked Chinese counterparts. The former are reportedly priced at 18,000 yuan ($2,700) per ton, while the latter can be as high as 30,000 yuan per ton.