Fonterra plays down reports of Chinese officials destroying NZ milk powder

Tue, 19 Feb 2013

By Paul McBeth Feb. 19 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, is playing down reports that China's quarantine administration destroyed three different New Zealand brands of milk powder as being nothing out of the ordinary and part of a regular review. No Fonterra product was involved. The kiwi dollar shed half a US cent amid headlines the Chinese agency destroyed the New Zealand powder, just weeks after a global scare about traces of the DCD nitrate inhibiter being present in locally produced milk....

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