Finnish dairy company Valio is on a mission to reduce milk’s carbon footprint to zero by 2035.
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Fresh milk produced in New Zealand is now available for the first time on supermarket shelves in Shanghai.
Troubled Chinese infant formula company Beingmate has sold a subsidiary, despite opposition from cornerstone shareholder Fonterra which owns an 18.8% interest.
Fonterra has scope to lift its payout from current guidance, but its losses on Beingmate will likely weigh on its earnings and dividend payments, says New Zealand brokerage firm OMF Financial.
Chinese dairy expert Jane Li says Fonterra’s Anmum is struggling to gain a foothold in the country’s lucrative infant formula market.
New Zealand expertise in designing and manufacturing dairy goat rotary platforms is in demand in China.
While overall dairy exports from New Zealand and Australia are declining, the European Union is showing strong export growth, says Fonterra’s November Global Dairy Update.
Now is an important time to cement infant formula brands in China, says Pier Smulders, Alibaba’s business development director for New Zealand.