https://www.scmp.com/rss/325688/feed Dairy industry en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Something smells funny in China. Cheese and other dairy products are not part of the traditional Chinese diet, yet there has been a surge in dairy imports. According to European Commission data, the volume of Europe’s cheese exports to China in the first 11 months of this year was 24% higher than for the whole of 2018, amounting to more than 20,000 tons. Exports of European butter to the country have grown at an even greater pace this year – by 36%. Cheese has historically been alien to the diet... https://www.scmp.com/chinas-demand-cheese-rises/article/3044079?utm_source=rss_feed https://www.scmp.com/chinas-demand-cheese-rises/article/3044079?utm_source=rss_feed Tue, 31 Dec 2019 09:50:34 +0000 Shares in Ausnutria Dairy Corporation rose to their highest level in eight years on Friday, after the company announced that a subsidiary of Chinese state-owned multinational conglomerate Citic will become its single largest shareholder following a transfer of shares. The Changsha-headquartered goat milk producer said Citic Agricultural Industry Fund Management will spend a total of HK$1.96 billion (US$250 million) as part of the deal. Ausnutria will issue 249 million new shares to Citic... https://www.scmp.com/business/money/markets-investing/article/2140569/shares-dairy-maker-rise-eight-year-high-after?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/2140569/shares-dairy-maker-rise-eight-year-high-after?utm_source=rss_feed Fri, 06 Apr 2018 06:26:40 +0000 Friesland Campina, the dairy giant behind the popular Dutch Lady brand sold in China, said it had acquired the remaining stake in its joint venture with Huishan, officially ending its partnership with the embattled Chinese dairy company. The Dutch firm bought a 1.1 per cent stake in China Huishan Dairy Holdings in 2015, when the latter was in its prime. Huishan at that time was one of the biggest taxpayers in the rust belt province of Liaoning, employing more than 40,000 workers. The acquisition... https://www.scmp.com/business/china-business/article/2135448/dutch-dairy-giant-buys-remaining-stake-joint-venture?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2135448/dutch-dairy-giant-buys-remaining-stake-joint-venture?utm_source=rss_feed Fri, 02 Mar 2018 08:46:43 +0000 Fonterra Co-operative Group, New Zealand’s largest company and dairy exporter, said on Monday it was “extremely disappointed” after its China partner, Beingmate Baby and Child Food Company, widened its loss forecast for 2017 from the 350 million yuan (US$54.66 million) to 500 million yuan range to between 800 million yuan and 1 billion yuan. The company is the world’s largest dairy exporter by volume. It paid US$553 million for an 18. 8 per cent stake in Beingmate in 2015. “As an investor in... https://www.scmp.com/business/china-business/article/2130061/widening-loss-forecast-china-partner-beingmate-leaves-dairy?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2130061/widening-loss-forecast-china-partner-beingmate-leaves-dairy?utm_source=rss_feed Mon, 22 Jan 2018 11:14:51 +0000 China Bright Food Group, the country’s second-biggest foodstuff producer by revenue, has launched a premium yogurt product in Hong Kong, the first step in an overseas push to put its products on the supermarket shelves of Macau, Thailand, Singapore and Indonesia. “Hong Kong is only our first stop, we want to go places further,” said Luo Hai, deputy general manager of the company’s Bright Dairy & Food subsidiary, during a press conference in Hong Kong. The Shanghai-based company is aligning its... https://www.scmp.com/business/china-business/article/2123674/bright-dairy-launches-premium-yogurt-hong-kong-first-stop?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2123674/bright-dairy-launches-premium-yogurt-hong-kong-first-stop?utm_source=rss_feed Mon, 11 Dec 2017 00:00:44 +0000 Two of Italy’s most famous cheeses, Parmesan and Grana Padano, are being produced with milk from emaciated, sometimes lame cows kept permanently indoors, an animal welfare group said. Compassion in World Farming (CIWF) released film it said it had recently obtained from nine farms in Italy’s Po valley exposing the “shocking” conditions endured by exhausted cows wallowing in their own excrement. The charity is using the footage to launch #notonmypasta, a campaign aimed at pushing producers of the... https://www.scmp.com/news/world/europe/article/2121582/italys-famous-cheesemakers-accused-treating-emaciated-cows-milk?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/2121582/italys-famous-cheesemakers-accused-treating-emaciated-cows-milk?utm_source=rss_feed Sun, 26 Nov 2017 02:36:12 +0000 China’s largest dairy farm operator Huishan Dairy said on Wednesday that a debt restructuring plan has won the support of more than half of its mainland creditors, representing more than two-thirds of the outstanding amount owed by the company. In a statement to the Hong Kong stock exchange late Wednesday, Huishan Dariy said its chairman and controlling shareholder Yang Kai had notified the company that creditors willing to take part in the restructuring plan had signed an agreement to support... https://www.scmp.com/business/china-business/article/2118166/huishan-dairy-says-majority-creditors-agree-debt?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2118166/huishan-dairy-says-majority-creditors-agree-debt?utm_source=rss_feed Thu, 02 Nov 2017 09:45:30 +0000