Yili’s New Zealand Dairy Group Posts Record $1.58 Billion Revenue
Yili's New Zealand businesses have reported record profits following a major organisational and strategic transformation.
Yili, who operates Oceania Dairy and Westland Milk, have topped the tally at the World Dairy Innovation Awards.
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.
Farmgate lamb prices are down by 8%, beef cattle by 4.5% and farm expenditure up by 4.2%.
Kiwifruit growers are watchful but remain optimistic as concerns around the potential effects of the El Niño weather pattern this season.
Almond hulls sourced from Australian orchards may have the potential to help New Zealand cows reduce emissions, boost milk yield and lower input costs.
Striking a balance between meeting the needs of industry to speed up approval time for products but on the other hand ensuring that risks are properly assessed.
Surprised, humbled and quite thrilled. That’s the reaction of James Allen, one of the founding partners and now chief executive of AgFirst, on being made a life member of the Institute of Rural Professionals.