Chart Update, page-13530

No issues with NZ though;


https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12368032
Chinese millennials fuel new Fonterra e-commerce consumer products push

29 Sep, 2020 5:00am
Fonterra's distributors in China are so keen to get their hands on new specialised Anchor milk powders developed for online consumer sales that they've paid to fly a big batch in from New Zealand.


cent of Fonterra's total consumer business in China.
The total NZ-China CBEC channel is estimated by Mfat to be worth $26 billion to exporters.
Fonterra's CBEC portfolio has been focused on family milk powders, a category valued at $1.4b to New Zealand, of which CBEC sales represent 11 per cent of the total category.
Also key for Fonterra is the maternal and infant milk category, valued at $25b with CBEC sales representing 12 per cent. Both categories are highly competitive.
Fonterra's sales to China through CBEC are growing quickly, Wilson said, with the Anmum brand experiencing year-on-year growth of more than 70 per cent and Anchor brand sales at about 20 per cent.

Covid had generated new global awareness about general health and in particular immunity support, with demand for support products surging and staying up, she said.
Chinese millennials were also shopping for products for their parents and older family members.
After the reaction from distributors in China, a second production run of the new products was planned.