Fonterra's global ranking set to dip
Fonterra has climbed three places to number six on RaboResearch's annual Global Dairy Top 20 report.
Chinese dairy giant Yili topped the tally at the World Dairy Innovation Awards held recently in France.
Yili, which operates two dairy companies (Oceania Dairy and Westland Milk) in New Zealand, and its subsidiary Ausnutria picked up awards for packaging design, infant nutrition, intolerance-friendly dairy products, ice cream, cheese, and dairy snacks.
The judges noted that: "Yili have their finger on the pulse when it comes to identifying gaps in the market and creating brilliant innovative products that both taste and look great while simultaneously serving a purpose."
"Best Chees" winner was an ambient cheese lollipop that can be safely stored at room temperature. Revisiting traditional Chinese aesthetics, the Cujinhuan 3D Fresh Milk Ice Cream has been designed into the shape of a Chinese fan, featuring traditional painting carved on the surface.
For older men, a group more focused on bone health and physical fitness, the Shuhua Lactose-Free Milk for Dad includes 50% more natural calcium, vitamin D and taurine. Applying Yili's patented technology of LHT lactrose hydrolysis, the product also addresses the problem of lactose intolerance common among Asian consumers.
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With further extreme weather on the way, ANZ Bank is encouraging farmers and business owners impacted by the recent extreme weather and flooding to seek support if they need it.