Bubs Australia is hoping to expand its presence in China via the general trade route through the introduction of its first China-label goat milk infant formula.
Chinese dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. has announced it has taken a stake in goat milk formula company Ausnutria Dairy Co. Ltd. to become its largest shareholder.
The rate of growth for Ausnutria’s Goat milk brand Kabrita slowed significantly in China throughout 2020, with the firm citing reduced promotion and marketing activity due to the COVID-19 pandemic.
Australia's goat milk specialist Nuchev says that the increasing number of goat milk brands competing in China - one of its key markets post-IPO - will benefit instead of posing a threat to its business.
A new $40m-a-year scheme to grow New Zealand's food and fibre sectors sustainably has been unveiled by agriculture minister Damien O’Connor, who said the nation needed to move from 'volume to value'.