Excerpt from the article
Cristina Alvarado, data and insights commercial manager at New Zealand's Exchange, said Chinese tariffs or trade barriers against EU dairy could help New Zealand grow its market share even further.
Major New Zealand producers Fonterra (FCG.NZ) and A2 (ATM.NZ) are already doing a roaring trade with China, and both Australia and New Zealand have free trade agreements with China that remove import duties.
China imported $848 million worth of dairy products from Australia last year, according to Chinese customs data. Its dairy imports from New Zealand reached $5.52 billion in 2023, nearly half the total value of its dairy imports.
Excerpt from the articleCristina Alvarado, data and insights...
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