Thursday, August 29, 2013

Scare or no scare, customers have little choice but Fonterra

The Fonterra logo is seen near the Fonterra Te Rapa plant near Hamilton By Naomi Tajitsu and Adam Jourdan WELLINGTON/SHANGHAI (Reuters) - 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. While many countries such as India, China and the United States produce more milk, New Zealand, a small island nation of 4.5 million people, exports more than 90 percent of its output and controls a third of the global dairy trade. ...








via Health News Headlines - Yahoo! News http://news.yahoo.com/scare-no-scare-customers-little-choice-fonterra-205310357--finance.html

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