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  • July 26, 2014
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  1. News - Asia - FOOD SAFETY

    Fonterra pulls ‘DCD’ milk powder in Sri Lanka, disputes test

    Posted Aug 11th 2013, 04:53pm by Reuters

    ... Reuters in Wellington New Zealand-based dairy giant Fonterra Co-operative said on Sunday it had withdrawn milk powder under orders from the Sri Lankan authorities for showing traces of the toxic agricultural chemical dicyandiamide (DCD), although it disputed the accuracy of the testing. It said two batches of milk powder had been removed from shops last month after Sri Lanka’s ...

  2. Business - China Business - ANALYSIS

    Ma looks to work his magic on China's dairy industry

    Posted Jul 05th 2014, 01:51am by BIEN PEREZ

    ... a scandal in 2008 involving formula milk products tainted with melamine, an industrial additive, which killed six children and caused ailments such as kidney problems in 300,000 others. In Inner ... to a report by the Agricultural Attache of the United States Embassy in Beijing. Stricter requirements for dairy and infant formula milk are expected to reduce supplies by small-scale producers. ...

  3. Business - Companies - AGRICULTURE

    Strong demand to keep milk product prices high, says Fonterra

    Posted May 28th 2014, 02:54pm by Reuters

    ... formula and other dairy products grows, as the company expects it to. "We're still looking at good prices for the milk powders," chief executive Theo Spierings said. New ... Reuters in Wellington Milk prices to stay high as Chinese demand grows New Zealand's Fonterra, the world's largest dairy exporter, signalled that robust demand from China, Latin ...

  4. News - Asia

    New Zealand dismisses Sri Lanka Fonterra milk scare

    Posted Aug 12th 2013, 10:32am by AFP

    ... of exploiting fears stirred by a recent botulism scare. Sri Lanka’s health ministry has recalled two batches of milk powder made by Auckland-based dairy giant Fonterra, saying it was concerned ... of greenhouse gases emitted by dairy herds. New Zealand officials insist it is harmless, but say Fonterra’s farmers stopped using it earlier this year anyway. “So all the milk going into Sri Lanka, ...

  5. Business - Companies - ANALYSIS

    Amid domestic challenges, dairy firm Yili Industrial cracks global top 10

    Posted Jul 14th 2014, 03:09am by BIEN PEREZ

    ... small farmers exit the market. Since 2008 consumers have remained wary of big local dairy producers after formula milk products tainted with melamine killed six children and caused ailments ...

  6. Business - China Business

    Mengniu Dairy profit jumps despite milk shortage

    Posted Mar 27th 2014, 12:59am by Keira Lu Huang

    ... year. The purchase of Yashili International, a mainland manufacturer and distributor of milk formula, brought Mengniu 1.5 billion yuan in sales and helped revenue from milk formula increase ... Keira Lu Huang keira.huang@scmp.com Mainland dairy producer eyes online market as revenue and profit both soar Mengniu profit jumps despite milk shortage Net profit at the mainland's ...

  7. Business - China Business - AGRICULTURE

    China's dairy firms bulk up with milk shortage set to deepen

    Posted Mar 26th 2014, 10:21am by Celine Sun

    ... the 60-year-old Li. All dairy companies have adopted stricter inspection measures when collecting raw milk since a scandal on melamine-tainted formula ravaged the nation's dairy industry in 2008. ... In addition, it invested 1.1 billion yuan to build a baby formula facility in New Zealand to take advantage of the rich milk resources in the country. Also busy securing milk sources are Bright Dairy ...

  8. Business - Companies - EARNINGS

    Facebook beats targets with 61pc boost in second-quarter revenue

    Posted Jul 25th 2014, 01:35am by Reuters

    ... Reuters in San Francisco Second-quarter take of US$2.91b is driven by social media giant's mobile advertising business Facebook beats targets with 61pc revenue boost Facebook's fast-growing mobile advertising business helped drive a 61 per cent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record high. ...

  9. Business - China Business

    Foreign brands lose Chinese market share to domestic firms

    Posted Jul 02nd 2014, 01:44am by Celine Sun

    ... Celine Sun in Beijing celine.sun@scmp.com Domestic rivals win over consumers with 'star' products and boost advertising Foreign brands losing edge in China More than 60 per cent ... "star" products, adding they had done a good job in online promotion and invested heavily in advertising. "Many of them have made big progress in lower-tier cities and established a strong ...

  10. Business - China Business - SALES

    Graft probes cast a chill over infant formula marketing

    Posted Oct 16th 2013, 11:24am by Reuters

    ... cast a chill over infant formula marketing A crackdown on corruption in China’s infant milk formula sector has made sales representatives and hospital doctors fearful of talking to each other, ... following a bribery scandal at hospitals in the country’s north. China is a magnet for foreign infant milk formula makers, with the US$12.4 billion market expected to double by 2017. ...




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