"Dairy & Drinks has a stable supply of raw milk in Australia of about 825m liters per year. Mengniu currently sources about 80m liters of raw milk from New Zealand, which will be replaced by Dairy & Drinks' raw milk supply in the future. Mengniu sees the potential to purchase up to 200m liters going forward. Based on [Mengniu's] estimate, the raw milk price in Australia is CNY2.44 a litre, which is nearly 40% cheaper than China's domestic price."