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<Research>Daiwa Envisions MENGNIU DAIRY, Yili to Benefit from CN Dairy Consumption-Boosting Policies
Recommend 9 Positive 10 Negative 2 |
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According to a report released by Daiwa, on September 26, the Chinese Ministry of Agriculture and Rural Affairs issued an announcement detailing policies to promote domestic dairy consumption and streamline the supply of upstream raw milk. The announcement called for local governments in dairy-producing provinces to provide subsidies to address the oversupply of raw milk, while offering high-quality dairy farms credit support to reduce industry feeding costs. In addition, it urged local governments to issue dairy consumption vouchers, promote dairy consumption in schools, and strengthen dairy nutrition education. Daiwa believed these measures would accelerate the normalization of supply and demand in China's dairy industry, benefiting MENGNIU DAIRY (02319.HK) and Yili (600887.SH). The broker reiterated its Buy rating on MENGNIU DAIRY, with a TP set at $26.5. AAStocks Financial News |
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