New Zealand whole milk powder prices increased by 7% in May over the corresponding period last year, driven by decreased supply and increased export demand from China.
Fonterra Co-operative Group Limited has reduced its forecast Farmgate Milk Price for the 2015/16 season from $2.97 (NZ$4.60) per kgMS to $2.68 (NZ$4.15) per kgMS.
Consumers in India and China are putting a greater focus than expected on aspects like food safety and environmental quality when purchasing food, a new Kiwi study has found.
After the revelation that most of the milk sold in India is adulterated, there is a slight respite with a similar survey on food products, which found that a little more than 10% of such products were contaminated.
A national survey in India has revealed almost 70% of the milk sold and consumed in India is adulterated by contaminants such as detergent and skim milk powder. But water was the biggest contaminant.
New Zealand’s food and beverage sector does have the growth potential to reach government targets of tripling exports over the next 15 years, with opportunities in processed foods and beverages, according to report.
Abbott has said it will invest US$230m to build a new nutrition manufacturing facility in China, representing the company's largest investment in China to date.
The impact of last year’s melamine milk-contamination in China continues to be felt after dairy exports fell by 10.4 per cent on a year-on -year basis in 2008, creating growing interest for imported brands, claims state media.
