Gate.io 6 December News: Citic Securities pointed out that in recent years, the increase in the supply of raw milk and the weak demand for downstream dairy products have led to a continuous decline in milk prices. More than 80% of farms will be in a loss in 2024 H1. Since 2021 H2, the price of raw milk has been falling for more than 3 years. Head farm companies have been in a financial crisis of losses or minimal profits for 2.5 years. In 2024, the agricultural capacity will begin to be cleared. With the continuous clearance of dairy cow inventory and the weak recovery of downstream dairy product demand, we expect the turning point of supply and demand in the agriculture sector to appear in 2025 H2. The current valuation of the region is at the lowest historical level and is in the left investment stage.
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Citigroup Securities: The time is right for capacity digestion, the inflection point of animal husbandry may appear in 2025H2.
Gate.io 6 December News: Citic Securities pointed out that in recent years, the increase in the supply of raw milk and the weak demand for downstream dairy products have led to a continuous decline in milk prices. More than 80% of farms will be in a loss in 2024 H1. Since 2021 H2, the price of raw milk has been falling for more than 3 years. Head farm companies have been in a financial crisis of losses or minimal profits for 2.5 years. In 2024, the agricultural capacity will begin to be cleared. With the continuous clearance of dairy cow inventory and the weak recovery of downstream dairy product demand, we expect the turning point of supply and demand in the agriculture sector to appear in 2025 H2. The current valuation of the region is at the lowest historical level and is in the left investment stage.