China has banned European soft cheeses because it says they contain too much bacteria, but Fonterra’s multi-million dollar mozzarella, cheddar and cream cheese exports have so far eluded the crackdown.

Fonterra recently opened a massive cheese factory in Clandeboye, South Canterbury, at a cost of $240 million, where it converts milk into mozzarella in only six hours, compared to the usual three months.

Much of it is destined for China, where consumers are showing an increasing taste for pizza. Last year Fonterra’s Greater China food service and consumer business showed strong growth, with earnings before interest and tax of $131m, up 191 per cent on the previous year.

Continue Reading…

Back to Latest