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A Shandong supplier quoted food-grade whole milk powder at 30,000 yuan per tonne for delivery in Inner Mongolia on November 15, 2026. The article also explains Shengyishe's benchmark pricing formula, which combines a base price with adjustment factors and premiums or discounts.
A single supplier quote gives only a limited read on China's dairy powder market. Tracking the price shows the cost of dairy ingredients in the Chinese market.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.