date:May 15, 2013
milk formula in China this year.
Last year, New Zealand supplied 90 percent of the nearly $2 billion worth of milk powder China imported. Chinese firms are also manufacturing in New Zealand to take advantage of strict food safety regulations and improve their sector's reputation.
Dairy heavyweights Inner Mongolia Yili Industrial Group and Yashili International Holdings in April gained approval to build $170 million milk powder processing plants in New Zealand which are expected to start produc