Fonterra to invest in Chinese Infant Milk
New Zealand dairy giant Fonterra will buy a 20% stake in Chinese dairy giant Beingmate to increase its access to China’s infant milk market, Beingmate has announced.
New Zealand dairy giant Fonterra will buy a 20% stake in Chinese dairy giant Beingmate to increase its access to China’s infant milk market, Beingmate has announced.
Ukraine remained almost without export of cheese, and this direction was a basis of domestic dairy export still recently.
Only considerable reduced production of cheeses and whey powder allow keeping prices at rather stable level in Ukraine.
Reorganization in connection with trade sanctions continues on Russian dairy market.
Judging by prompt increase of prices for whey powder in second half of summer, Russia is strongly dependent on import of these products.
Trade at Belarusian Universal Commodity Exchange was successful last month.
The tendencies of world markets affect negatively the Ukrainian market.
It seems that production of casein becomes more favorable than processing into milk powder.
Fonterra’s Global Dairy Trade for dairy products saw prices drop by 6% in the latest auction, which took place this week.
While Russians are fighting against European and Australian products, milk season is going down in the country.