A glass of milk could soon cost a lot less due to China's economic slump. Whole milk powder prices slumped to a three-year low as Chinese demand for dairy products slides. With demand struggling to recover after the pandemic, whole milk powder prices have been sliding, Bloomberg reported. The average price for a ton of milk powder has tumbled to $2,864 – the lowest level since June 2020, per the GlobalDairyTrade. Economic growth for the three months to June 30 also badly missed economists' expectations of 7.3%, rising just 6.3%.

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Persons: Per, Emma Higgins Organizations: Service, Bloomberg, Per Bloomberg Locations: China, Wall, Silicon, New Zealand