German consumers have dubbed the Chinese as "milk snatchers" for buying so much milk that prices of dairy products in Germany are expected to soar by 50%.
This is according to an article in the Guardian Weekly of 10th August. I am summarising the article (I cannot find it on the internet).
The President of China has said: "I have a dream - a dream to be able to provide all Chinese, especially our children, with half a litre of milk a day".
So the increase in milk consumption in China is rising by 25% a year. ONE THIRD of all the milk produced worldwide is now being transported to China, much of it from the EU and a significant amount from Germany, which produces 27bn (!!!!!!) litres a year.
The EU farmers would therefore like to increase production but cannot before 2015 because of milk quotas in force. Which means the prices of milk in Germany are rising.
And what the "milk farmers" are doing also are selling their high-performance "milk cows" to Chinese farmers, who are receiving government subsidies if they switch to dairy farming.