WELLINGTON: New Zealand’s Fonterra Co-Operative Group Ltd, the world’s biggest dairy exporter, says it will aim to improve margins by supplying a new range of nutritional foods for other companies to sell under their own brands.
The product range, called Nutiani, would comprise powders and drinks with such attributes as helping to mitigate stress, improving mobility and managing body weight, Fonterra said.
“The Nutiani brand has flexibility to help us grow in non-dairy specialties, such as our probiotics portfolio, which is not constrained by milk supply or linked to the commodity markets,” said Dan Luo, acting director of the Fonterra division undertaking the project.
Fonterra has long turned much of its milk into whole milk powder for export to Asia, especially China. But after more than a decade of strong growth, New Zealand’s milk production is slowing and the number of dairy cows falling. — Reuters
