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Thursday 21 October 2021

China

Fonterra to push foodservice to $5bn

Fonterra to push foodservice to $5bn

Dairy company Fonterra wants to increase the value of its $3bn foodservice business, Anchor Food Professionals, to $5bn.


F&B exports to China: lobster leaps as meat, dairy enjoy strong H1
11 Oct 2021   /

F&B exports to China: lobster leaps as meat, dairy enjoy strong H1

Food exports were strong in H1 but it’s an uneven recovery from Covid for infant formula, cherries and some seafood.


Rockit sales surge during China festival
11 Oct 2021  

Rockit sales surge during China festival

Rockit says its apple sales jumped 94% in Mainland China for the Mid-Autumn Festival sales period, compared to the same time last year.


Patchy recovery in China daigou demand – report
8 Oct 2021   /

Patchy recovery in China daigou demand – report

What does shifting demand mean for the future of the informal channel, which plays a big role for NZ brands such as A2 Milk?


A2 Milk to “vigorously defend” class action
6 Oct 2021   /

A2 Milk to “vigorously defend” class action

A2 “considers that it complied with disclosures notifications at all time,” following a class claim filing in Australia alleging misleading or deceptive conduct.


Red meat exports jump as China demand surges
1 Oct 2021   /

Red meat exports jump as China demand surges

The value of New Zealand’s red meat exports topped $650m in August 2021, up 26% on the same month last year, says the Meat Industry Association.


No further Covid found on kiwifruit – Zespri
28 Sep 2021   /

No further Covid found on kiwifruit – Zespri

Kiwifruit exporter Zespri says it continues to work constructively with authorities following a positive test result for Covid-19 in China on a sample of fruit from the Bay of Plenty.


Zespri scrambles after kiwifruit Covid alert in China
27 Sep 2021   /

Zespri scrambles after kiwifruit Covid alert in China

Zespri says it has launched its emergency management plans and is co-operating with the relevant government agencies after a sample of its kiwifruit from the Bay of Plenty tested positive for Covid-19 in China.


Ziwi goes with FountainVest
21 Sep 2021   /

Ziwi goes with FountainVest

The sale to the Chinese private equity firm provides the pet food business with access to capital and global market intelligence.


Scale-up to kick off at Spring Sheep
14 Sep 2021   /

Scale-up to kick off at Spring Sheep

The company’s new CEO Nick Hammond talks culture, scale-up challenges, China, and the prospects for growth.


A2 Milk net profit plunges 79%, strategy review underway
26 Aug 2021  

A2 Milk net profit plunges 79%, strategy review underway

The prolonged impact of Covid-19 and a rapidly changing China market has prompted the company to launch a growth strategy review.


Grove avocado oil presses on in Asia
23 Aug 2021   /

Grove avocado oil presses on in Asia

With China and Korea its number one and two markets, Grove is looking to Thailand and Vietnam for further growth.


Organic apple exports to China jump 136% – Bostock
12 Aug 2021   /

Organic apple exports to China jump 136% – Bostock

Organic apple grower Bostock New Zealand says it has seen a 136% increase in organic apple sales this year across its direct retail programmes in China.


OIO greenlights A2 Milk’s $268m Mataura deal
6 Jul 2021  

OIO greenlights A2 Milk’s $268m Mataura deal

A2 Milk says the Overseas Investment Office has signed off its proposed $268.5m purchase of a 75% interest in Southland dairy nutrition business Mataura Valley Milk.


The Flying Winemaker lifts off in China
30 Jun 2021  

The Flying Winemaker lifts off in China

The Flying Winemaker group has signed a distribution deal which will see its wine sold in foodservice outlets across Mainland China.


Fonterra exits China jv in $163m deal
29 Jun 2021   /

Fonterra exits China jv in $163m deal

Fonterra is offloading its two joint venture farms in China to Singapore-based AustAsia Investment Holdings for $163m.


A bad day for A2 Milk
11 May 2021  

A bad day for A2 Milk

The former darling of the NZX was forced to slash its revenue forecasts and write down the value of its assets.


Red meat exports top $1bn as China recovery gains momentum…
10 May 2021  

Red meat exports top $1bn as China recovery gains momentum…

China’s recovery from the Covid-19 pandemic helped lift red meat exports over $1bn in March 2021, says the Meat Industry Association.


Global disruptions mean death of ‘business as usual’ for exporters – B+LNZ
5 May 2021   /

Global disruptions mean death of ‘business as usual’ for exporters – B+LNZ

Food exporters have been warned not to fall back on a ‘business as usual’ approach following the disruption Covid-19 because there is more to come.


Fonterra completes $552m sale of China farms
6 Apr 2021  

Fonterra completes $552m sale of China farms

Fonterra has sold its two China farming hubs in Ying and Yutian to Inner Mongolia Youran Dairy Co.


Westland Milk in $40m butter expansion play
25 Mar 2021  

Westland Milk in $40m butter expansion play

The West Coast dairy company will double the capacity of its Hokitika butter manufacturing plant.


Zespri vote looms as counterfeit kiwifruit plantings grow
24 Mar 2021   /

Zespri vote looms as counterfeit kiwifruit plantings grow

Zespri is progressing its plan to move against the unlawful growing of kiwifruit in China as illegal plantings increase.


Fonterra interim profit drops 22%, China divestment continues
17 Mar 2021  

Fonterra interim profit drops 22%, China divestment continues

The co-op said it was “pleased” with its results as the previous period’s earnings were inflated by asset sales.


Daigou disruption sees A2 Milk profit, shares tumble
1 Mar 2021  

Daigou disruption sees A2 Milk profit, shares tumble

The company suffered a 35% drop in interim profit in what it described as a “challenging” first half year.


A2 Milk maintains guidance, says 2020 has ‘tested us’
19 Nov 2020  

A2 Milk maintains guidance, says 2020 has ‘tested us’

The dairy company says it expects an uptick in activity in the second half of FY21 despite continuing uncertainty.


Govt investigating reports of Covid-19 on NZ meat in China
17 Nov 2020  

Govt investigating reports of Covid-19 on NZ meat in China

Chinese authorities say the virus has been detected on beef and tripe and packaging from NZ, Brazil and Bolivia.


Zespri to sign MOU with China for SunGold trial
6 Nov 2020  

Zespri to sign MOU with China for SunGold trial

Zespri intends to sign a Memorandum of Understanding with government officials in China .


Zespri launches China trial to combat SunGold plantings
23 Oct 2020  

Zespri launches China trial to combat SunGold plantings

Zespri has started a procurement trial in China to try and combat illegal plantings of its SunGold kiwifruit.


NZTE launches global food and beverage campaign
21 Oct 2020   /

NZTE launches global food and beverage campaign

NZTE has launched a new global campaign to showcase the country’s food and beverage industry.


Fonterra to sell China farms for $555m
12 Oct 2020  

Fonterra to sell China farms for $555m

Fonterra is planning to pay down debt with $555m from the sale of farms it has developed in China.