29-04-2014 01:58 AM | China

Dairy traders gear up for new China rules

New Zealand's listed dairy companies, Synlait Milk, A2 Milk Co and Fonterra Shareholders' Fund, probably won't face much disruption from tighter rules on infant formula in China, the nation's biggest market for milk products, a major investor says.

A2, whose Platinum infant formula is manufactured at Synlait's Canterbury plant, led the three dairy companies lower on the NZX on Monday, after saying it is monitoring and responding to China's new requirements, which include demonstrating a close association between brand owner and manufacturer, and a new form of registration from May 1.
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