According to GTIS, Aug ’15 total Chinese dairy import volumes declined 12.2% MOM on a daily average basis but finished above the previous year for the first time in 12 months, increasing 6.4% YOY. Total dairy import volumes remain significantly below the peak levels experienced in early 2014 but finished at a new record high level for the month of August. Total Chinese dairy import volumes typically decline to seasonal lows throughout the late summer months prior to increasing again throughout the winter months. Aug ’15 Chinese skim milk powder (SMP) imports increased 11.2% YOY and 10.1% MOM on a daily average basis, finishing at the second highest level experienced during the month of August, however Chinese whole milk powder (WMP) imports remained weak. Aug ’15 Chinese WMP imports declined 42.2% YOY, finishing at a four year low for the month of August. Aug ’15 Total Chinese Dairy Import Volumes Remain Below Highs Experienced in Early 2014 Aug ’15 Total Chinese Dairy Import Volumes Finished Down 12.2% MOM but up 6.4% YOY Total Chinese Dairy Import Volumes Set a Record High for the Month of August Aug ’15 Chinese WMP Import Volumes Finished Down 35.0% MOM and 42.2% YOY Aug ’15 Chinese WMP Imports Declined to a Four Year Low for the Month of August Aug ’15 Chinese SMP Import Volumes Finished up 10.1% MOM and 11.2% YOY Aug ’15 Chinese SMP Imports Were the Second Largest on Record for the Month of August New Zealand Accounted for 30% of Total Aug ’15 Chinese Dairy Import Volumes as New Zealand Milk Production Remains Near Seasonal Lows