Executive Summary Chinese dairy import figures provided by GTIS were recently updated with values spanning through Mar ’16. Highlights from the updated report include: • Total Chinese dairy import volumes increased on a YOY basis for the eighth consecutive month during Mar ‘16, finishing up 46.8%. • Chinese dairy import volumes originating from within the EU-28 increased to a new monthly record high during Mar ’16. • Mar ’16 Chinese dairy imports excluding whole milk powder and skim milk powder remained particularly strong, finishing up 56.6% YOY to a new record high for the month of March. Additional Report Details According to GTIS, Mar ’16 total Chinese dairy import volumes increased 44.7% MOM on a daily average basis and 46.8% YOY, finishing at the second highest level for the month of March on record. Total Chinese dairy import volumes have increased YOY for eight consecutive months through March. The February – March MOM increase in import volumes of 44.7% was significantly larger than the ten year average seasonal increase of 15.3%. Chinese dairy import volumes originating from New Zealand consisted of over 40% of total import volumes for the third consecutive month, while import volumes originating from within the EU-28 increased to a new monthly record high during Mar ’16. Mar ’16 Chinese powder imports followed the same general trend exhibited across overall dairy import volumes, increasing on both a MOM and YOY basis. Mar ’16 Chinese whole milk powder (WMP) and skim milk powder (SMP) import volumes increased 29.6% and 38.3% YOY, respectively, but remained below seasonal highs experienced during 2014. Mar ’16 Chinese dairy imports excluding WMP and SMP remained strong, increasing by 56.6% YOY and finishing at a new record high for the month of March. Mar ’16 Total Chinese Dairy Import Volumes Remained Below the January Highs Mar ’16 Total Chinese Dairy Import Volumes Increased 44.7% MOM and 46.8% YOY Chinese Dairy Import Volumes Were the Second Largest on Record for the Month of March Mar ’16 Chinese WMP Import Volumes Increased 23.7% MOM and 29.6% YOY Chinese WMP Imports Were the Fourth Largest on Record for the Month of March Mar ’16 Chinese SMP Import Volumes Increased 14.7% MOM and 38.3% YOY Chinese SMP Imports Were the Second Largest on Record for the Month of March Mar ’16 Chinese Dairy Imports Excluding WMP & SMP Increased 63.0% MOM and 56.6% YOY Chinese Dairy Imports Excluding WMP & SMP Finished at a March Record High New Zealand Accounted for Over 40% of the Total Mar ’16 Chinese Dairy Import Volumes