Scare Or No Scare, Customers Have Little Choice But Fonterra

Now watching

Next video starts in : 7 Play

Scare Or No Scare, Customers Have Little Choice But Fonterra

Scare Or No Scare, Customers Have Little Choice But Fonterra
Replay video
Up next

Wall Street wavers after IBM disappoints; Apple unveils Apple Pay

Wall Street wavers after IBM disappoints; Apple unveils Apple Pay Up next

Wall Street wavers after IBM disappoints; Apple unveils Apple Pay

Unlock your personal NFL Now stream by signing in to NFL.com

Scare Or No Scare, Customers Have Little Choice But Fonterra

Wochit 0:37 mins

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.

View Comments (0)