Agribusiness

ANZ Bank announced an assistance package to help drought-affected farmers get through the Big Dry.  Parts of Northland have had their driest February since records began. This week the Government declared a state of drought in Northland, and Federated Farmers expects other regions to follow soon. “As with any serious …

Heartland New Zealand, which gained bank registration in December, posted a 9.2 percent gain in first-half profit on increased earnings from retail, business and rural lending and a reduction in costs. Profit rose to $10.7 million in the six months ended Dec. 31, from $9.8 million a year earlier, the …

"DCD Affair"  “Parents feel the pinch of tainted milk” was the headline over this opinion article by China Daily editor-at-large Bai Ping over the weekend. It gives an insight into the lengths Chinese parents go to ensure safe foods for their babies and young children. “Although I’ve been coping with …

"DCD Affair"  Shanghai Daily reports officials have found no dairy products with the potentially harmful chemical residue that was detected in some New Zealand dairy products. Shanghai Food Safety Office director Yan Zuqiang said the city’s food safety watchdog has done on-site inspections at local dairy product manufacturing lines, especially for products …

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The impact of the detection of chemical residues in dairy products originating from New Zealand found in Chinese market is still spreading as consumers turn to European brands. help writing an essay "DCD Affair"  Peoples Daily – which is the Chinese Communist Party mouthpiece reports –  although New Zealand insists dicyandiamide (DCD) is less toxic than table salt, reporters found that many consumers still have doubts about New Zealand milk powder. And urchasing agents are getting extremely busy withEuropean milk powder business. According to Taobao, China’s largest e-commerce platform, in the last seven days, New Zealand milk powder traded indexwere down 24.1 percent. On Jan. 27, the index once declined to zero, which means a marked decline in sales of New Zealand milk powder. Many foreign milk powder sellers are posting the official statement on their home pages, claiming they don’t sell products of the Fonterra Group. A Taobao shopkeeper told reporter, despite having put on New Zealand officials’ statement on the webpage, recently the business has been “down” a lot. After training,the shop now requires customer service staff to be patient to explain to consumers and clear their doubts. At the same time, some milk powder brands from Europe began to expand their market share in China. According to media reports, recently, DM Stores, a large supermarket chain in Germany implemented restrictions for the purchase of infant formula; each customer can only buy up to four boxes each time. At the same time, the Netherlands requires each customer can only buy a jar of milk powder. Affected by the “restriction”, many European milk powder e-shops are considering raising prices. A Taobao shopkeeper advises reporter “to take advantageof the opportunity and buy more. If the restrictions are put into effect for a long time,price will continue to rise.”

People’s Daily editor Zhang Xinyu in a signed editorial has criticised the tactics used by  Fonterra and the New Zealand Government t0 minimise the DCD problem as “not smart.” Zhang notes the Ministry of Primary Industries insists that traces of DCD did not pose a threat to food safety – quoting MPI’s …

The New Zealand Government has issued an assurance to all Chinese consumers that  NZ dairy products are safe and apologised for  “confusion” surrounding the suspension of DCD use in fertilisers on NZ farms. The apology was conveyed by New Zealand ambassador Carl Worker at a press conference at the NZ embassy in Beijing …

"DCD Affair"  Chinese authorities have launched an investigation in three Chinese cities spelling out they will “seal and destroy” any dairy products which  contain residues of dicyandiamide (DCD). The investigation comes as China’s quality watchdog issues a “Please Explain” to its NZ counterparts requesting a “detailed risk assessment report” on NZ …

On the Road  Today was Friday in Beijing, the final day of the working week and the last full-day of our work program until we reach Shanghai on Monday. First up was a meeting with Nicola Morris, General Manager of Fonterra’s farm operations here in China. She walked us through …