The demand for milk is strong growing and regardless economic conditions, saying economic recession. Infant formula milk and milk itself becomes a necessity consume goods in Asia as the family incomes increase in those countries. All milk producers are increasing production since 2009 and there is no signal that the demand for raw material will slowdown or make a U turn. Although the infant milk formula does not meet the sales target in China at present, SML still benefit from increasing milk price, increasing production lines and other mixed products sales.


When the infant milk formula problem solved in China for Bright Dairy, then we will be surprised and benefit again. Then the NAPT will jump over this Jan forecast again.