Food Partner Network News The following developments occurred in the dairy industry in January:price adjustments for some products; Beinmate, Modern Dairy and other companies announced 2020 performance forecasts; new products such as milk powder and yogurt were launched; Deploy dairy product quality and safety improvement actions.
Price adjustment of some products
At the beginning of 2021, some milk powder brand products will be adjusted in price. According to the official WeChat account of Beikangxi, the prices of the three products of Beikangxi will be adjusted from January 3, 2021. Among them, the retail price of Beikangxi infant formula goat milk powder 800g:388 yuan/tin; Beikangxi infant formula goat milk powder 900g retail price:418 yuan/tin; Beikangxi infant formula goat milk powder 400g retail price:208 yuan/tin. According to the Beijing Business Daily, the price of the French version of Shengyuan Youbo will be officially adjusted from January 1st, and the price of the French version of Youbo will increase by 40-60.
In addition, Guosheng Securities Research Report pointed out that Yili and Mengniu will raise prices of their white milk products at the end of December 2020. In this regard, Yili confirmed that the price of”little white milk” products represented by Tetra Pak will be adjusted slightly, and the relevant person in charge of Mengniu Group said that the situation is still being verified with relevant departments.
Beinmate, Hyundai Dairy and other companies announce 2020 performance forecasts
In January, Beinmei, Modern Dairy, Panda Dairy, Western Dairy, etc. released their 2020 performance forecast. Among them, Beinmei and Western Dairy are expected to turn their net profits into profit in 2020. Modern Dairy is expected to have a profit of no less than 700 million yuan in 2020. Panda Dairy is expected to increase its net profit by 9.59%-33.61%in 2020.
On January 16, Beinmate Co., Ltd. (referred to as “Beinmate”) released its 2020 annual performance forecast. It is estimated that in 2020, it will realize net profit attributable to shareholders of listed companies from 54 million yuan to 80 million yuan, which will turn losses into profits.
On January 19, Modern Dairy (Group) Co., Ltd. (“Modern Dairy”) issued a positive profit forecast for 2020. It is estimated that the company’s 2020 profit will not be less than 700 million yuan, with a year-on-year growth of not less than 100%. Excluding the two one-time gains during the reporting period, the profit increased by more than 230%year-on-year.
On January 21, Panda Dairy Group Co., Ltd. (“Panda Dairy” for short) released its 2020 performance forecast. The annual net profit is expected to be 73 million to 89 million yuan, a year-on-year increase of 9.59%-33.61%.
On January 29, Xinjiang Western Animal Husbandry Co., Ltd. (“Western Animal Husbandry”) announced its 2020 annual performance forecast. It is estimated that the net profit attributable to shareholders of listed companies in 2020 will be between 14 million yuan and 18 million yuan, a year-on-year turnaround For profit.
Milk powder, yogurt and other new products are launched
In January, a variety of new products such as milk powder and yogurt were launched. Among them, Health and Biostime launched New Wolan infant formula milk powder, and Fonterra launched new adult milk powder products.
On January 7th, Biostime, a maternal and child nutrition and health brand under HealthHealth Group, announced the launch of its new e-commerce product-Biostime Wolan series infant formula milk powder on JD.com.
Fonterra’s consumer brand department and Sam’s Club launched Sam’s high-end member customized adult milk powder product-Fenglifu Golden Nutrition Milk Powder. The product contains lactoferrin, bifidobacteria, etc.
Also, Mengniu, Kas, and You Nuo launched yogurt. On January 4, Mengniu Guanyi Milk’s first zero-sugar yogurt was officially launched. On January 20, Mengniu Pure Zhen’s first light meal replacement yogurt,”Light Buttermilk” was officially launched; on January 22, Kas launched a new year’s masterpiece 007 family yogurt; On January 27, Yono yogurt 4.0+ series launched new orange yogurt.
In addition, at the third Tmall China New Product Consumption Ceremony on January 7, Yili’s brand Shuhua launched a new product of selenium-enriched lactose-free milk. Bright’s low-temperature milk brand Zhiyou launched A2β-casein fresh milk, focusing on the double fresh combination of A2β casein and active nutrition.
Dairy product quality and safety improvement actions deployed in various places
On December 30, 2020, the State Administration of Market Supervision issued the”Dairy Product Quality and Safety Improvement Action Plan”. Subsequently, Jiangxi, Anhui, Henan and other provinces deployed dairy product quality and safety improvement actions in accordance with relevant arrangements.
On January 25, the Jiangxi Provincial Market Supervision Bureau issued the”Jiangxi Province Dairy Product Quality and Safety Improvement Action Plan” to further supervise dairy product manufacturers to implement the main responsibility for food safety, improve the quality and safety of dairy products, and promote dairy products in Jiangxi Province High-quality industry development by leaps and bounds.
Anhui Provincial Market Supervision Bureau also issued a plan to carry out dairy product quality and safety improvement actions in the province, and achieve a significant increase in the province’s dairy product quality and safety supervision capabilities through comprehensive management. By 2023, the province’s dairy product quality and safety supervision and inspection found The problem rectification rate reached 100%, and the qualified rate of dairy products supervision and random inspection remained above 99%.
On February 3, the Henan Provincial Market Supervision Administration issued the Henan Provincial Dairy Product Quality and Safety Improvement Action Plan (2021-2023). The plan mentioned that by the end of 2023, the quality and safety supervision of dairy products will be greatly improved. The rectification rate of problems found in the supervision and inspection reached 100%, and the qualified rate of dairy product supervision and random inspection was maintained at more than 99%. The quality and safety management system of dairy product manufacturers was improved. Enterprises above designated size established IS022000 and other food safety management systems, hazard analysis and critical control points. The system reaches 100%.
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