Economic and financial indicators for China seem to point to a slowing, and there is much uncertainty over the US-China trade war. These factors are casting a cloud over the rest of 2018. Seasonal factors and environmental protection policies are keeping fertiliser and agrichemical prices high. Adverse weather conditions across China and pig-borne disease are creating uncertainties for agricultural production, from grains to pork and dairy. There is likely to be an impact on trade and exchange rate volatilities in poultry and milk production and imports in the months to come. At the consumer end, however, opportunities are continuing to emerge in categories with features in convenience, health and premiumisation.
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