Fonterra Expands China Foodservice Business with New Anchor Essence Cream
Fonterra is strengthening its foodservice presence in China with the launch of a new cream for professional bakeries at Bakery China 2026 in Shanghai.
The company was forced to place itself in a temporary trading halt on the Australian stock market last month, with its share price falling 12%, following the release of Chinese data indicating a larger than expected drop in the number of new births.
a2 had previously indicated its forecast growth in China would be supported by an annual growth rate in new births of between 8.5-9 million.
However, the number of new births in China fell 17% last year to under 8m - the lowest in nearly 90 years.
