CHINA CONSUMER STAPLES COST INDEX TRACKER 13 October 2026 | 8:10AM HKT Equity Research The dairy supply-demand balance continues to improve with raw milk prices trending slightly up by 1.3% YoY in Oct-1 as the bright side, and imported milk powder volume was 26 kton in Aug 2026, -36% YoY/dry dairy products at 109 kton at -15% yoy incl. imported whey powder/whey powder concentrates at 50kton/2.5kton, -24%/-19% yoy, while US WPC (34%) prices were +15%/+55% Goldman Sachs does and seeks to do business with comp ...