Yili and Junlebao were the first companies to be granted infant formula registrations under the new standards.
The deal values the company at $34.6 million.
Fonterra says around $150 million has been transacted through its online MyNZMP store.
The lion's share of net new bank lending still went on mortgages in both the December quarter and calendar 2021.
Senior Journalist
Followers will be emailed
articles by Riley