ATM-A2 MILK

[Left Field]

Luckily A2 do not export milk powder.

preparations of milk, cereals, flour, and starch (includes infant formula), up $87 million (58 percent)

Suppose it does mean something re A2 performance 

Thanks for clearing the export stats up. Winner had me worried for a tab.

Also from the HotCopper thread, A2 have applied for a new trade mark for the USA market. Interesting.

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[Minimoke]

Export / Import data for June month ex Stats NZ

Milk powder fell $57 million (5.7 percent) to $935 million; the quantity exported fell 28 percent. The average unit value rose 31 percent.

Suppose it means something re A2 performance

I had a look at the Lyttleton April(?) data a while back and export numbers were well down

[Habitz]

This feature film made in the Y-kato might be quite interesting.

The captivating and complex lives of cows (and one human) explored in documentary | Stuff.co.nz
https://i.stuff.co.nz/waikato-times/news/129330081/the-captivating-and-complex-lives-of-cows-and-one-human-explored-in-documentary

[Golfer01]

I had a look at the Lyttleton April(?) data a while back and export numbers were well down

April/June = heavily airfreighted.

[winner (n)]

Kingfish June quarter report implies they've bought about 1 million shares since March

Sam sticking with them   -got $24m invested in them

[KW]

Luckily A2 do not export milk powder.

They certainly do export milk powder.  From their website

"Chinese consumers are able to purchase either the Australia and New Zealand  a2 Platinum® products via cross border e-commerce platforms, or our unique Chinese a2™至初® infant formula products across ~22,000 Mother and Baby stores in China or on domestic e-commerce sites.

All our infant formula products are produced by our strategic supply partner Synlait Milk in New Zealand.

a2 Milk™ branded fresh milk and milk powder are also airfreighted directly from Australia and New Zealand.

Visit our website
a2™至初® China"

[KW]

I had a look at the Lyttleton April(?) data a while back and export numbers were well down

I had a conversation with a furniture importer the other day about container shipping rates. He said prices are still going up (despite them coming down globally) because there are less containers leaving the country with exports, which is what frees up space and prices for importers as shippers dont like to bring empty containers over to NZ. 

[Raven]

I had a conversation with a furniture importer the other day about container shipping rates. He said prices are still going up (despite them coming down globally) because there are less containers leaving the country with exports, which is what frees up space and prices for importers as shippers dont like to bring empty containers over to NZ. 

I am in the "container game", my employer being a very large importer. It may well depend on size. For us rates have dropped massively from their COVID highs, and they are still coming down, albeit slowly and variably depending on origin.

[KW]

I am in the "container game", my employer being a very large importer. It may well depend on size. For us rates have dropped massively from their COVID highs, and they are still coming down, albeit slowly and variably depending on origin.

I think it probably does depend on size, smaller importers probably had no problems finding spare capacity pre-Covid but now its still scarce, and they are probably being gouged for that capacity, especially if paying for casual bookings rather than long term contracts.  I'm a big fan of imported furniture and follow quite a few importers on Facebook etc, and a lot of them have gone out of business or their stock has been reduced to a tiny handful of items. 

[CG]

They certainly do export milk powder.  From their website

"Chinese consumers are able to purchase either the Australia and New Zealand  a2 Platinum® products via cross border e-commerce platforms, or our unique Chinese a2™至初® infant formula products across ~22,000 Mother and Baby stores in China or on domestic e-commerce sites.

All our infant formula products are produced by our strategic supply partner Synlait Milk in New Zealand.

a2 Milk™ branded fresh milk and milk powder are also airfreighted directly from Australia and New Zealand.

Visit our website
a2™至初® China"

That is correct. However, as some might say there is milk powder and there is milk powder. The data that was posted and the one I was responding to was for commodity grade milk powder. Until recently A2 milk did not export such products, they do now after purchasing MVM. The one you mentioned is end product and for export purposes counted under different category along with infant formula to which I pointed out. In any way, this is how I understand it.

[Basil]

https://www.msn.com/en-nz/news/other/chinese-government-desperate-to-boost-declining-birth-rates/ss-AA101acx?ocid=msedgntp&cvid=a55b0f90fc534945b74ea166ac9a6e00#image=3
Market shrinking and Chinese manufactured brand share rapidly expanding are not encouraging headwinds for ATM.

[Minimoke]

https://www.msn.com/en-nz/news/other/chinese-government-desperate-to-boost-declining-birth-rates/ss-AA101acx?ocid=msedgntp&cvid=a55b0f90fc534945b74ea166ac9a6e00#image=3
Market shrinking and Chinese manufactured brand share rapidly expanding are not encouraging headwinds for ATM.

Its a problem for bog standard IF manufacturers. Less so for premium brand companies.

[Left Field]

Meanwhile just up the road from MVM......

https://www.odt.co.nz/regions/south-otago/plant's-biomass-boiler-beginning-operation

[KW]

https://www.afr.com/companies/manufacturing/a2-milk-s-top-corporate-daigou-is-no-longer-buying-20220726-p5b4rg

Mr Zhang is the largest corporate daigou trader in Australia for various brands from baby formula to vitamins – and was once a2 Milk's largest customer moving thousands of pallets of a2 Platinum every month to China.

He is considered by many as the founder of the daigou channel – where overseas shoppers buy products like skincare, supplements and baby formula from outside China to sell to those living in China. Once a cottage industry, it is now worth many billions of collars of annual sales.

Mr Zhang has not bought a single baby formula tin since March from the dual-listed a2 Milk – after having been its largest customer in the first half of the 2022 fiscal year.

While Mr Zhang's relationship with a2 Milk was headed south, his relationship with the smaller rival Bubs Australia was getting stronger.  In March entities associated with his AZ Global penned an equity incentive deal with Bubs.

[Minimoke]

https://www.afr.com/companies/manufacturing/a2-milk-s-top-corporate-daigou-is-no-longer-buying-20220726-p5b4rg

Mr Zhang is the largest corporate daigou trader in Australia for various brands from baby formula to vitamins – and was once a2 Milk's largest customer moving thousands of pallets of a2 Platinum every month to China.

He is considered by many as the founder of the daigou channel – where overseas shoppers buy products like skincare, supplements and baby formula from outside China to sell to those living in China. Once a cottage industry, it is now worth many billions of collars of annual sales.

Mr Zhang has not bought a single baby formula tin since March from the dual-listed a2 Milk – after having been its largest customer in the first half of the 2022 fiscal year.

While Mr Zhang's relationship with a2 Milk was headed south, his relationship with the smaller rival Bubs Australia was getting stronger.  In March entities associated with his AZ Global penned an equity incentive deal with Bubs.

Rumours that USA IF deal about to be announced this week. Any surplus not sold to Daigou could keep USA babies happy.

A2 up 8.8% at the moment. And over 9m shares traded today on ASX