Wednesday, December 07, 2016
 
 
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Scare Or No Scare, Customers Have Little Choice But Fonterra

By DMO Affiliate
However much China and other big customers strive to rely less on Fonterra after a global food contamination scare this month - now downscaled to a 'false alarm' - the New Zealand firm's grip on the global dairy trade is unlikely to be loosened. China, New Zealand's biggest customer, is particularly exposed. Annually, it spends around $1 billion on imported milk powder, used in infant formula, sports drinks and confectionary, with some 90 percent of that coming from New Zealand.
Scare Or No Scare, Customers Have Little Choice But Fonterra




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