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China Stops Importing New Zealand Milk Powder, Minister Says
http://www.bloomberg.com/news/2013-08-03/china-asks-importers-to-recall-contaminated-fonterra-products.htmlChina has stopped all imports of New Zealand milk powders after Auckland-based dairy producer Fonterra Cooperative Group Ltd. warned of a contaminated ingredient, Trade Minister Tim Groser said.
The decision by Chinese authorities is “appropriate,” Groser told Television New Zealand in an interview broadcast today. Fonterra has said that an ingredient used in baby formula and other food showed strains of bacteria.
Fonterra, the world’s largest dairy exporter, is issuing the warning as China steps up scrutiny of local and international food companies after a spate of safety scandals. Any restrictions would be a blow to the South Pacific nation as China is the biggest buyer of New Zealand dairy products, mainly milk powder.
“This could be quite a big deal for New Zealand’s prospects, certainly in the near term,” said Paul Bloxham, chief Australia and New Zealand economist at HSBC Holdings Plc in Sydney. “This is likely to have an influence in the short run on the New Zealand dollar and on markets in New Zealand on Monday.”
The decision by Chinese authorities is “appropriate,” Groser told Television New Zealand in an interview broadcast today. Fonterra has said that an ingredient used in baby formula and other food showed strains of bacteria.
Fonterra, the world’s largest dairy exporter, is issuing the warning as China steps up scrutiny of local and international food companies after a spate of safety scandals. Any restrictions would be a blow to the South Pacific nation as China is the biggest buyer of New Zealand dairy products, mainly milk powder.
“This could be quite a big deal for New Zealand’s prospects, certainly in the near term,” said Paul Bloxham, chief Australia and New Zealand economist at HSBC Holdings Plc in Sydney. “This is likely to have an influence in the short run on the New Zealand dollar and on markets in New Zealand on Monday.”
The strains of 'bacteria' are botulism, per the BBC.
How ironic---now China knows what it feels like to have crappy stuff sent to them that's poisonous...