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Wednesday, September 25, 2024
China hit by severe milk glut
China is awash in unwanted milk as falling birth rates and cost-conscious consumers have cut demand even as dairy farms expanded in recent years, forcing smaller farmers out of business and squeezing shipments into the world's top importer.
Thursday, July 4, 2024
Major impact on global dairy as China makes advances in milk self-sufficiency
China reaching self-sufficiency in milk production has left an indelible mark on the world dairy industry following a year of global milk prices averaging around 37c per litre , according to Rabobank market analysts.
Monday, May 10, 2021
New Zealand's a2 Milk cuts annual sales forecast on lower sales to China
New Zealand's a2 Milk has cut its annual sales forecast for the third time due to continued disruptions and inventory oversupply in its key sales channel to China, as the company's shares dropped to its lowest in 3-1/2 years, Reuters report ...
Monday, December 21, 2020
a2 Milk slashes revenue projections due to declining China demand
New Zealand's a2 Milk said it has cut it first-half revenue forecast because of a bigger than expected decline in informal demand from China fueled by the COVID-19 pandemic, resulting in a 25% drop in its shares, Reuters reported.
Monday, October 19, 2020
Fonterra increases its farmgate milk price due to higher demand from China
New Zealand-based Fonterra Co-operative Group Ltd increased the price range it will pay farmers for milk due to higher demand from its most important market China, Reuters reported.
Thursday, August 20, 2020
Australia will not approve China's Mengniu Dairy buyout of Australia's milk brands
The Australian government will allegedly reject China-based Mengniu Dairy's proposed buyout of Japan's Kirin Holding's ownership of Australian milk brands such as Lion Dairy & Drinks, Reuters reported.
Friday, June 26, 2020
India's Goa Dairy farmers reject China's milk testing machines
The Goa Dairy farmers of India stated on Tuesday that the Chinese made milk testing machines supplied by the State government do not have the capacity to handle the testing of milk samples, Herald Goa reported.
Monday, February 24, 2020
Vinamilk to export milk products to China
February 21, 2020 Vinamilk to export milk products to China Vietnam's largest dairy producer will officially export its milk products to China, according to a report by the Vietnam News Agency (VNA) via Xinhua. Vietnam Dairy Products Joint ...
Friday, November 22, 2019
New Zealand's a2 Milk doubles marketing spend to expand in China and US
November 22, 2019 New Zealand's a2 Milk doubles marketing spend to expand in China and US Shares for the dairy producer went up to a two-month high as the company forecasted improved operating profit margins from its increased marketing exp ...
Wednesday, October 3, 2018
Better Australia-China ties will support milk exports, says dairy group director
October 3, 2018 Better Australia-China ties will support milk exports, says dairy group director   China looks ready to cut down restrictions that hinder imports, but Australia should also seek to improve relations with the Chinese governme ...
Tuesday, June 19, 2018
July agreement to allow Bosnia's dairy, milk into China
In July, a deal between China and Bosnia would be signed, opening the doors for the latter's milk, dairy and honey products to enter the Chinese market, Balkan Insight reported.
Monday, April 9, 2018
Australia's VAN Dairy to deliver organic milk products to China
April 9, 2018 Australia's VAN Dairy to deliver organic milk products to China   Australia's VAN Dairy, a sister company of Moon Lake, will start exporting organic UHT milk and yoghurt to China by the middle of 2018, The Advocate reported. T ...
Tuesday, March 20, 2018
China's milk demand sparks more land use, higher greenhouse gas emissions
March 20, 2018 China's milk demand sparks more land use, higher greenhouse gas emissions The amount of land required worldwide for the production of fodder crops for the dairy industry would rise by 30% in 2050, leading to a 35% spike in gr ...
Friday, February 23, 2018
Milk powder is UK's top export product to China in 2017
China went one notch higher as it became the eighth-largest importer of food and drinks from the UK in 2017, due to a growing Chinese appetite for British milk powder and salmon, among others.
Wednesday, January 24, 2018
Fonterra partners with Hema Fresh to launch milk product in China
January 24, 2018 Fonterra partners with Hema Fresh to launch milk product in China   Fonterra has launched a new fresh milk product in China in parternership with Hema Fresh, Alibaba's new retail concept which combines traditional bricks-an ...
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