Set out below are a graph and text from NZ Stats for exports from NZ to China for the month of June 2022 (the most recent month) NZ exports to China are growing strongly and the text shows that exports of milk flour etc including infant formula from NZ to China GREW by 78m or 58% YEAR ON YEAR.
Furthermore total exports of this category to all countries grew by 87million year on year.
WHAT ON EARTH IS THE BASIS FOR MACQUARIES STATEMENT OF FALLING DEMAND: DID THEY PLUCK IT OUT OF THE AIR!
NZ Stats
There is no fall in Chinese demand for NZ Infant Formula
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