New Zealand dairy company a2 Milk raised its full-year revenue and profit forecasts on Wednesday [15 May 2016] as demand from China remains strong. The company, which sells specialized liquid milk and infant formula, now expects its revenue to be in a range of NZ$350 million ($244.16 million) to NZ$360 million compared with a prior forecast of NZ$335 million to NZ$350 million given in February. The company is due to report in August results for the year ending June 30…Full Article: The Global Times June 2016
- New Zealand’s a2 Milk Company sells milk in China via e-commerce sites and stores.
- From 2014 to 2015, Chinese liquid milk imports increased from ~379,900 MTs to ~519,700 MTs, with Shanghai being the top destination (48% of all imports in 2015), followed by Hong Kong (11% of imports in 2015), Beijing (8% of imports), and Shenzhen (8% of imports). Unlike powdered milk, which is dominated by New Zealand, liquid milk arrives from a variety of suppliers including New Zealand, Germany, Australia, and France.
- Founded in 2000 and headquartered Auckland, New Zealand, The a2 Milk Company is a major liquid milk producer that supplies Australia, New Zealand, China, and the UK. The company also has a small presence in the USA.