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The headline in a dairy trade newsletter a few days ago was “China’s demand for WMP relentless”.

WMP is short for whole milk powder, the dried form of standard milk and one of the most traded dairy products in the world. The latest statistic was that Chinese WMP imports were up 49 per cent in the three months to March compared to the same period a year earlier.

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Tim Hunter is deputy editor of the Fairfax Business Bureau.

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