Bakers prefer butter, helping prices soar
Consumers around the world are willing to pay more for products containing dairy and this is driving demand for butter and cream, says Fonterra.
Fonterra chairman John Wilson and chief executive Theo Spierings will lead a board of directors' visit to China next week to meet with Fonterra management and key stakeholders.
Wilson says the cooperative's board had already planned to visit China in early September for directors to meet with Fonterra staff and stakeholders, and view progress on Fonterra's farming hub in Yutian.
"Now that it has been confirmed that there was no Clostridium botulinum in our whey protein concentrate, we need to address any remaining concerns our stakeholders in China might have.
"The feedback we have been getting is that people believe we did the right thing in initiating the precautionary recall, but at the same time we want to provide every assurance about our food safety and quality systems and processes.
"The visit provides an important opportunity to help rebuild trust and respect for Fonterra and New Zealand dairy products and confirm our commitment to supporting the Chinese dairy industry," says Wilson.
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Consumers around the world are willing to pay more for products containing dairy and this is driving demand for butter and cream, says Fonterra.
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