- Reuters•10 months ago
Stock prices for baby food makers, which climbed after China pledged on Thursday to ease family planning restrictions, may have surged too soon, with analysts and one leading company predicting little chance of a significant bump in demand from the policy change. Shares for milk-powder maker Danone SA hit a five-month high and Mead Johnson Nutrition Co reached a two-month high after China's ruling Communist Party said it will allow all couples to have two children after decades of a strict one-child policy. The announcement comes at a time when sales for baby food and milk formula companies have weakened due to China's economic slowdown and its campaigns to promote breastfeeding.
- Reuters•last year
BEIJING/WELLINGTON, Aug 21 (Reuters) - At the upmarket Black Swan bakery in Beijing, where well-heeled customers browse rooms of glass cases displaying elaborate layered western-style cakes, Jin Yuchen is buying a birthday cake for his mother. Jin is one of a rapidly growing number of Chinese consumers with a taste for non-traditional foods such as rich cakes and pizza that is fuelling demand for imported cheese. The Black Swan bakery imports cream cheese and other dairy products from New Zealand's Fonterra, the world's largest dairy exporter, which is ramping up cheese production to meet the growing Chinese demand.
- Reuters•2 years ago
Supersized U.S. demand for burgers is a godsend for New Zealand farmers who have been struggling with weak dairy prices but are now earning good money for cows sent to slaughter for beef. New Zealand is the third-largest exporter of the meat to the United States, helping satisfy a surge in demand for ground beef from both long-established outlets such as McDonald's Corp and trendier, "fast-casual" chains such as Shake Shack Inc. Farmers have cut back on milk production and sent ageing cattle to the slaughterhouse, seizing on the demand for beef as global dairy prices have plunged to a five-year low. Last month, Andrew Hoggard reduced the 550-strong milking herd on his farm in the North Island town of Fielding by 22, taking some of the cattle out of production so they need less feed but sending four less-than-prime cows to slaughter.
Fonterra Shareholders Fund (FSF.NZ)
NZSE - NZSE Delayed Price. Currency in NZD
|Day's Range||5.92 - 5.94|
|52wk Range||5.31 - 6.12|
|1y Target Est||N/A|
|P/E Ratio (ttm)||N/A|
|Avg Vol (3m)||473,434|
|Dividend & Yield||N/A (N/A)|