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Hong Kong dairy industry stocks rise across the board, with Mengniu rising over 3%.
Gelonghui on October 23rd: mengniu dairy, ausnutria rose by more than 3%, china feihe rose by more than 2%, ch modern d and others followed the rise.
Hong Kong stocks move differently | Dairy stocks lead the gains, increased policy support for the dairy industry since September, Q3 fundamental conditions of various dairy industries are expected to improve.
The dairy industry stocks led the gains, as of the time of publication, China Feihe (06186) rose by 5.21% to 5.86 Hong Kong dollars; Ausnutria (09858) rose by 3.85% to 1.35 Hong Kong dollars; Mengniu Dairy (02319) rose by 3.27% to 16.44 Hong Kong dollars; Ausnutria (01717) rose by 2.02% to 2.02 Hong Kong dollars.
The Municipal Administration for Market Regulation has publicly solicited opinions on strengthening the management of raw materials for infant formula milk powder.
The State Administration for Market Regulation issued the "Notice on Further Strengthening the Management of Raw Materials for Infant Formula (Draft for Soliciting Opinions)", urging companies to further implement their main responsibilities to effectively ensure the quality and safety of infant formula. The draft requires infant formula production companies to continuously improve the management system for raw material procurement and acceptance; for those using dry processing technology, the raw materials should not only meet the corresponding food safety standards, but the microbiological indicators should also meet the requirements of infant formula product standards. For those producing infant formula using base powder, they should gradually shift to using base powder produced by companies qualified for infant formula production within two years from the date of announcement. The draft.
The continuous inversion of raw milk prices has not resolved the "ranch crisis". Should we continue to slaughter cows?
①In the past year, the industry has continued to 'kill cattle' to reduce overcapacity, but the situation of oversupply has not been reversed; ②The impact of oversupply of raw milk has been fully manifested in the financial reports of large-scale dairy farms and dairy enterprises; ③The current growth rate of raw milk production has further slowed down, and prices are expected to stabilize in the second quarter of 2025.
Ausnutria Dairy Unit to Buy Out Centurion Food's Stake in Joint Venture
Ausnutria (01717.HK) acquires the remaining 50% of the dairy product microfiltration business, involving a total of 2 million euros.
Ausnutria (01717.HK) announced the acquisition of the dairy product microfiltration business-Dairy Protein Cooperation remaining 50% stake from the independent third party Centurion Food B.V to full ownership, for a symbolic price of 1 euro. After completion, the company must repay the shareholder loan of 2 million euros to the seller.
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