Plant-based bubble bursts
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
There was a silver lining to the fourth straight drop in global dairy prices last week: demand in China is recovering.
Independent milk processor Synlait says Covid-19 has so far had no impact on its financial performance, however the processor remains greatly concerned.
Westland Milk Products says Covid-19 is causing “minimal disruption” to its supply chains, with the company working to meet rising demand from China.
Unlike some other exporters, Fonterra’s scheduling, logistics and delivery activities to all markets are largely operating as normal, the cooperative says.
Former special agricultural trade envoy Mike Petersen says it will probably take months for supply chains to and in China to clear in the wake of the coronavirus outbreak.
The coronavirus has only had a moderate impact on dairy prices so far, according to Westpac head of strategy Imre Speizer.
A dog has tested positive for Covid-19 in Hong Kong, but experts say people should not panic about animal to human transmission.
Unlike some other exporters, Fonterra’s scheduling, logistics and delivery activities to all markets are largely operating as normal, the cooperative says.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.