I'm yet to see any sign that it has had an effect on A2M sales into China - have you?
There has been plenty of implication for months now that A2M is being affected, but seems to me that line is wearing a little thin without any evidence as such.
Perhaps if even any other NZ industry had been targeted by the Chinese, there might be more credibility to it.
For sure the Chinese are playing a game of 'divide and conquer' punishing one ally whilst rewarding the other. Doesn't quite work if you punish both though does it? Especially when 40% of Chinese dairy imports come from NZ, a volume which cannot be replaced from elsewhere.
A2M Price at posting:
$13.31 Sentiment: Buy Disclosure: Held
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