The Rising Influence of Rising Affluence

[DewDiligence]

Good news for infant-formula companies such as ABT:

http://www.wsj.com/articles/chinese-dump-milk-as-prices-fall-1424385450

The price of milk powder on the trading platform GlobalDairyTrade, a benchmark for the global market, hit a six-year low at US$2,229 a metric ton on Dec. 2, down 55% from a year earlier. Prices have picked up by a little since then, but analysts foresee further declines.