Not Out of the Woods Yet
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
New Zealand agriculture may soon feel the waves from intensifying trade conflict between the US and China.
The China infant formula market has been very challenging for several dairy companies operating there for the last 18 months – not just Fonterra, says Rabobank senior dairy analyst Michael Harvey.
A Massey University professor of animal welfare has been advising China’s animal production officials on raising their industry’s welfare standards.
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.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.