
CMD's4Q13rawmilksellingpricetoMengniuwasraised11%YoYtoRmb4.75/kg,thoughstillbelowpeers'RMb4.8-5.1/kg.Mengniu(owns28%ofCMDandcontributed82%salesinFY13/6)decidedtostandardisepricingmechanismtoassuretransparent,fairandcomparablepricesamongitsallsuppliers.ComparedwithHuishan(China'ssecondlargestcowfarmoperator),CMDhasalongertrackrecord,10%loweryield,9%lowerASP,63%higherfeedcos...