According to GTIS, Sep ’15 total Chinese dairy import volumes increased 5.6% MOM on a daily average basis while also finishing higher than the previous year for the second consecutive month, increasing 21.4% 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 September. Total Chinese dairy import volumes typically decline to seasonal lows throughout the late summer months prior to increasing again throughout the winter months. Sep ’15 Chinese skim milk powder (SMP) imports declined 1.4% MOM on a daily average basis but increased 16.3% YOY, finishing at the second highest level experienced during the month of September. Sep ’15 Chinese whole milk powder (WMP) imports declined 10.6% MOM on a daily average basis but increased YOY for the first time in 13 months, finishing 40.2% above the previous year. Chinese WMP imports reached a three and a half year low during September of the last year. Sep ’15 Total Chinese Dairy Import Volumes Remain Below Highs Experienced in Early 2014 Sep ’15 Total Chinese Dairy Import Volumes Finished up 5.6% MOM and 21.4% YOY Total Chinese Dairy Import Volumes Set a Record High for the Month of September Sep ’15 Chinese WMP Import Volumes Finished Down 10.6% MOM but up 40.2% YOY Sep ’15 Chinese WMP Imports Were the Fourth Largest on Record for the Month of Sep Sep ’15 Chinese SMP Import Volumes Finished Down 1.4% MOM but up 16.3% YOY Sep ’15 Chinese SMP Imports Were the Second Largest on Record for the Month of Sep New Zealand Accounted for 30% of Total Sep ’15 Chinese Dairy Import Volumes