"In the next few years, our dairy financing business will shift from traditional markets such as the EU and US to emerging markets like China", said Dr. A.C.M Zwanenberg, agriculture and food specialist of Rabobank Netherlands.
As the second largest dairy market in Asia, China has recorded a robust consumer demand on dairy products. In the past five years, China's demand on dairy products has more than doubled. The compound growth rate for dairy products retailing has exceeded 20%, hitting a total value of nearly 10 billion USD in 2005.
"On top of that, China's financial services are about to be fully liberalized. The banking sector will become increasingly open in the future," Zwanenberg said," China as a large agricultural country attaches high importance to developing agriculture. The positioning and development strategy of our bank are well-aligned to those of China. Therefore, we hope for and are actively working toward long-standing development in the future Chinese market."