BFC 0.00% 0.3¢ beston global food company limited

Shareholders/stockwatchers,Aus dairy farmgate prices rising,...

  1. 84 Posts.
    lightbulb Created with Sketch. 18
    Shareholders/stockwatchers,

    Aus dairy farmgate prices rising, global prices dropping with demand looking soft for lactoferrins.
    Will we see a BFC EBITDA forecast adjustment?? Will BFC move to $9.90kgMS - annual cost would be $7.5m. Big HIT.

    Latest GDT date,

    Event Results

    Global Dairy Trade Event 322 concluded with the GDT Price Index down 3.8%

    Key Results

    AMF index down 2.2%, average price US$5,675/MT
    Butter index down 2.6%, average price US$4,602/MT
    BMP not offered
    Ched index down 0.7%, average price US$4,801/MT
    LAC index not available, average price not available
    SMP index down 4.8%, average price US$2,965/MT
    SWP not offered
    WMP index down 4.0%, average price US$3,246/MT

    Full results have been published on www.globaldairytrade.info.

    For more detailed results, subscribe to a GDT Insight Market Pack to download a wide range of historical data, plus up to date sold quantities and number of bidders by region.

    Ex Broker summarising IMF market/s especially China,



    We’ve often argued that the Chinese infant formula market has some of the markings of the famous Siren Songs from Greek Mythology. Lured by the huge insatiable market and equally huge margins only to be smashed on the rocks of an ever changing regulatory environment, the vagaries of plant approvals, government support for local manufacturing, ever changing trends of the Daigou model and finally the intense competition from those others who have heard the same song. Now add the fact the birth rate in China is plummeting and we can add another rocky outcrop that can harpoon the unsuspecting infant formula traveller. One of those recent wrecks was Abbott Labs USA who has had a truly annus horribilis, firstly with the Michigan plant contamination causing a huge product recall (& resulting infant formula shortage) and then a flood at the very same factory. In what can only be seen as throwing their hands up in exasperation Abbott have withdrawn Chinese production of their infant formula and instead focusing on other health products. Another one bites the dust..

    03

 
watchlist Created with Sketch. Add BFC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.