Fonterra cuts Anmum-branded product prices in China amid price-fixing probe

Tue, 16 Jul 2013

By Paul McBeth July 17 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, cut the price of its Anmum-branded products in China as the local regulator looks at potential price manipulation by major foreign firms selling into the world’s most-populous nation. The Auckland-based cooperative will trim 9 percent from its Anmum maternal health products in mainland China from next month “to better meet consumer needs in light of recent industry-wide price revisions,” Fonterra president for Greater China and India, Kelv...

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