date:Feb 01, 2016
ver, the infant formula market, a hugely important source of dairy demand, is continuing to catch out participants, Credit Suisse noted, flagging that most of the local companies have warned on profits.
These include Beingmate, whose shareholders include Fonterra, and which blamed intense competition for a slump to a half-year loss of 103m renminbi, from a 108m renminbi profit a year before, on sales down 26%.
Biostime, highlighting price discounting amid strong rivalry which saw no sign of ab