Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


China lifts ban on Fonterra whey powders

China lifts ban on Fonterra whey powders introduced after botulism scare

By Fiona Rotherham

Oct. 31 (BusinessDesk) - Chinese authorities have lifted a temporary ban on the importation of Fonterra Cooperative Group's whey powder and dairy base powder used in the manufacture of infant formula that has been in place since August last year in the wake of the dairy company's botulism scare.

At the time, Fonterra chief executive Theo Spierings said he was confident the suspension could be lifted within 48 hours. Fonterra is refusing further comment on the move which was announced by the Ministry for Primary Industries.

A ban by Russia imposed at the same time on the same products remains in place.

The temporary suspension accounted for a third of New Zealand’s dairy exports to China. Fonterra, is responsible for 90 percent of the country’s dairy exports to China.

The temporary ban didn’t impact whole milk powder and skim milk powder although at the time China also increased inspection and supervision of all New Zealand dairy products at the border. It also didn’t affect imports of infant milk formula that had already been blended.

The whey powder is used in a variety of products while the whey-based dairy base powder is sold to third-party manufacturers who turn it into infant formula.

Units in the Fonterra Shareholders' Fund, which gives investors exposure to Fonterra's dividend stream, were unchanged at $6.29, and have gained 8.5 percent this year.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>


Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>


Aerospace: Christchurch Plan To Be NZ's Testbed

Christchurch aims to be at the centre of New Zealand’s burgeoning aerospace sector by 2025, according to the city’s aerospace strategic plan. More>>


EPA: Spill Sees Abatement Notice Served For Tamarind Taranaki

The notice was issued after a “sheen” on the sea surface was reported to regulators on Thursday 21 November, approximately 400 metres from the FPSO Umuroa. A survey commissioned by Tamarind has subsequently detected damage to the flowline connecting the Umuroa to the Tui 2H well. More>>

Taskforce Report: Changes Recommended For Winter Grazing

A Taskforce has made 11 recommendations to improve animal welfare in intensive winter grazing farm systems, the Minister of Agriculture Damien O’Connor confirmed today. More>>