The China data are a little concerning given September / October are the lead up to 11/11. However, October has previously been the month where the China volume is significantly larger (see here for example last year https://hotcopper.com.au/posts/75856548/single). So it'll be interesting to see what October looks like and whether they are able to make up any ground potentially lost due to Synlait supply issues.
You mentioned Singapore but usually there is nothing shipped from Christchurch to Singapore. There is a small shipment this time, which seems to suggest they are shipping IF to Singapore for the first time. To date, their presence has only been fresh milk shipped by air.
A2M Price at posting:
$5.91 Sentiment: Buy Disclosure: Held
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