Suley Muratoglu

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What happens when 1.36 billion people in China migrate toward cities, draw middle-class wages and shift toward “Western” foods such as ice cream, cheese pizza and strawberry-flavored milk? One result: larger profits for U.S. dairy processors, who, like dairy exporters in other countries, are charging record prices for their products at home and abroad, according to Bloomberg News. China’s growing thirst for milk helped push American dairy exports to a record $6.7 billion in