Tim Hanley, a dairy farmer in Ireland’s western region, has noted a significant shift in the local dairy industry. Nestlé, a multinational food company, has been a primary supplier of milk used in infant formula sold throughout China. Hanley reports that the consistent demand for this formula fueled the prosperity of the Irish dairy sector for several decades. However, in recent years, Nestlé has significantly reduced its reliance on Irish milk, leading to a decrease in the local farm’s overall revenue. The company’s decision has altered the established market dynamics.
Credits: NYT > Top Stories
