China has banned European soft cheeses because it says they contain too much bacteria, but Fonterra’s multi-million dollar mozzarella, cheddar and cream cheese exports have so far eluded the crackdown. By: GERARD HUTCHING
HONG KONG/SHANGHAI (Reuters) – HSBC has demanded China Huishan Dairy Holdings Co Ltd repay $220 million in loans this week – a move set to make it even more difficult for the Chinese firm to extricate itself from a mountain of debt and find a white knight. By: Elzio Barreto and Adam Jourdan
China Huishan Dairy Holdings Co Ltd said on Monday HSBC was demanding the immediate repayment of loans from the company following one or more counts of default. By: Reuters
There are more than 2,300 milk formulas in China with 1,000 of them to be approved, according to the China Food and Drug Administration.
Producer taps online solution to address nation’s growing demand for fresh milk. By: DAISUKE HARASHIMA
Milk New Zealand’s Theland-branded fresh milk is now available in China. By: GERARD HUTCHING
The dairy industry plays a key role in feeding the world and must respond dynamically and forcefully on a global level to those who challenge its nutritional and environmental integrity, according to Dr Judith Bryans, President of the International Dairy Federation.
With cream cheese undergoing a steady surge in popularity in Asia, New Zealand dairy giant Fonterra is building two new cream cheese factories and has opened a new mozzarella factory to meet the demand. By: Margaret Donnelly
China will overtake the US as the largest dairy market by 2022 whilst India takes fourth place from 2021, according to research by Euromonitor International. It claims in the next five years countries will shift in importance due to a change in consumer demand in dairy. By: Jenny Eagle
The clock is ticking for Australian infant formula producers to complete a suite of new regulatory hurdles, in order to be able to keep selling their powder in China after January 1.