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- Release Date: 05/08/13 18:26
- Summary: GENERAL: FSF: FONTERRA RECEIVES MPI UPDATE ON EXPORTS TO CHINA
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FSF
05/08/2013 16:26
GENERAL
REL: 1626 HRS Fonterra Shareholders' Fund (NS)
GENERAL: FSF: FONTERRA RECEIVES MPI UPDATE ON EXPORTS TO CHINA
Fonterra has received confirmation from the Ministry for Primary Industries a
short time ago that China has not imposed a blanket ban on Fonterra's
products.
Chinese authorities have temporarily suspended importation of whey powder and
dairy base powder (a whey based dairy ingredient used in the manufacture of
infant formula) produced by Fonterra, or produced in Australia using
Fonterra's whey protein powder as an ingredient (including whey protein
concentrate).
China has also increased inspection and supervision at the border for New
Zealand dairy products, and indicated extra testing may be required.
"MPI has confirmed that China has not closed the market to New Zealand dairy
products - and that China is being quite specific about the range of Fonterra
products which it has temporarily suspended.
"Whole Milk Powder and Skim Milk Powder have not been suspended," said NZ
Milk Products Managing Director Gary Romano.
"We have been told that MPI is not aware of any additional market closures.
It is, however, getting clarity on reports that Russia appears to have put a
temporary ban on New Zealand dairy products."
Fonterra is continuing to work closely with the Ministry for Primary
Industries to manage food safety concerns in New Zealand and around the
world.
"Our top priority is the safety of consumers, and working with customers and
regulators to make sure the public is protected."
Mr Romano said that the Co-operative will continue to assist officials in
every possible way.
"We share the New Zealand Government's objective of minimising any damage to
New Zealand's economy and reputation by restoring market confidence in New
Zealand dairy products as soon as possible. We are fully committed to
allaying current concerns as quickly and effectively as we can."
End CA:00239302 For:FSF Type:GENERAL Time:2013-08-05 16:26:32
