蒙牛乳业：拐点信号显现

Global Research ab 5 February 2026 China Mengniu Dairy A sign of an inflection point emerging? Liquid milk stabilizing after two years of pressure First Read Liquid milk has been under pressure for the past two years, but our recent channel checks point to early signs of stabilization in 2026. Mengniu's liquid milk sales in January showed a visible recovery. Adjusting for the Lunar New Year timing shift, we estimate January sales delivered mid– to high–single-digit YoY growth, a solid improvement versus the ...