EL: How have Chinese imports of dairy powders been over the past 18 months?
SC: China’s imports of dairy powders halved in the first half of 2015, compared with the same period in 2014. The second half of 2015 was less challenging, due to a lower comparison base. However, they were still 15% back compared with the second half of 2014. In January this year, powder imports were up 50% compared with 2015, but February declined 18% year-on-year.