Trading on 4 Jan, page-173

this makes perfect sense. I had indicated multiple times in other threads. the babies that demand ANZ milk powder will double in 9 to 12 months.

please note. it is not the entire baby population. it is the current buying group of premium milk powder, which consists most of the middle class of China.

poor people will not have second baby regardless of the government policy due to budget. most of incremental babies affected by new policy will demand premium powders. There is a path of A2m to reach around $5 to $6 by end of the year.

do calculation yourself. China lifted policy on 1/1/2016. middle class who wants second start to plan and give 10 to 12 months, boom...

also, being a Chinese myself, I know year of Monkey is a good year for a smart baby, so most people will catch the deadline to have the baby before next Chinese year ends.