The latest Rabobank report reveals that for the first time in 8 years it is cheaper for China to use its own domestic milk than to import it… Rabobank Dairy Analyst Emma Higgins says whole Milk Powder used to be 15% cheaper than the local milk product but now improvements in milk supply in China to make it cheaper and a declining Chinese currency against the US dollar means imports are costing more for Chinese buyers and they’re looking at other options. Chinese milk production is growing which means there is more milk available and with supply chain complications China may have less need for imports.