Displaying items by tag: china

Global dairy prices are settling down after a rollercoaster ride triggered by the COVID-19 pandemic.

The Chinese word for crisis combines the characters for danger and opportunity, says Cloudy Bay’s Estate Director Yang Shen.

Chinese consumers are increasingly positive about New Zealand-produced beef, lamb and mutton in the wake of the COVID-19 pandemic, according to a social media analysis by Beef + Lamb New Zealand.

Fonterra is selling its troubled China Farms business.

There was a silver lining to the fourth straight drop in global dairy prices last week: demand in China is recovering.

Independent milk processor Synlait says Covid-19 has so far had no impact on its financial performance, however the processor remains greatly concerned.

Westland Milk Products says Covid-19 is causing “minimal disruption” to its supply chains, with the company working to meet rising demand from China.

Unlike some other exporters, Fonterra’s scheduling, logistics and delivery activities to all markets are largely operating as normal, the cooperative says.

Former special agricultural trade envoy Mike Petersen says it will probably take months for supply chains to and in China to clear in the wake of the coronavirus outbreak.

The coronavirus has only had a moderate impact on dairy prices so far, according to Westpac head of strategy Imre Speizer.