Friday, March 23, 2018
 Fonterra Expects Milk Powder Inventories Will Fall  
By Tracy Withers
Fonterra Cooperative Group Ltd. expects to reduce milk powder inventories amid increased demand from China, the New Zealand Herald reported, citing Chairman Henry van der Heyden.
Fonterra expects to sell 160,000 tons of milk powder in China this year, about three times last year’s sales, van der Heyden said. Demand for foreign milk powder has increased after a scandal over contamination of local milk, the newspaper said.  

Inventory levels will probably be back to normal seasonal levels by July 31, van der Heyden said.

Source: Bloomberg 

Posted on Monday, April 20, 2009 (Archive on Monday, April 27, 2009)
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