Bloomberg BusinessWeek, Sept 14, 2015 (I)

choi

(1) Bruce Einhorn, Alan Bjerga and Whitney McFerron with Marine Strauss, Dairy Farmers at the Barricades.
http://www.bloomberg.com/news/ar ... s-at-the-barricades

Quote:

"the USDA [US Department of Agriculture] expects purchases of whole milk powder by China, the world’s biggest dairy importer, to drop 40 percent this year. The former No. 2 importer, Russia, has banned imports from not only the EU, but also the US and Australia in retaliation for sanctions imposed to protest Russian intervention in Ukraine.

"Record prices last year primed farmers to bolster output in the U.S., where milk production in 2015 will reach 208.7 billion pounds—the fifth consecutive record-setting year. In April the EU, seeking to liberalize trade, removed quotas that had been in place for the past 30 years, leading to increased production from Ireland, the Netherlands, and the U.K. China is producing more milk thanks to investments such as a $140 million, 20,000-cow facility that China Modern Dairy Holdings, partly owned by private equity firm KKR, unveiled in 2013

Note:
(a) China Modern Dairy Holdings Ltd  中國現代牧業控股有限公司
www.moderndairyir.com/en/index.htm
(in TRADITIONAL Chinese only, no simplified Chinese: 總部 (主要業務位於中國): 安徽省馬鞍山市; "按畜群大小計算，我們是中國最大的乳牛畜牧公司及最大的原料奶生產商。 * * * 截至二零一三年十二月三十一日，本集團共在中國營運二十二個畜牧場及二個在合資公司投資的在建牧場及公司自建的二個在建牧場，飼養總共約186,838 頭乳牛")
(b) "a false botulism scare affected the exports of Fonterra to China."

The PC80 Incident: Causes and Responses; Government inquiry into the whey protein concentrate contamination incident. November 2014
http://www.dia.govt.nz/vwluResou ... port-November-2014/$file/Government-Whey-Inquiry-Report-November-2014.PDF
(Page 15 The Incident: On Aug 2, 2013 Fonterra advised New Zealand government of the presence of 'confirmed' Clostridium botulinum in the WPC80, where WPC stands for "whey protein concentrate")

The bacteria turns out to be not C Botulinum but another species of the same genus, which does not produce toxin. Still the presence of bacteria -- there should be none -- shows production was contaminated and faulty. Fonterra pleaded guilty in a New Zealand court and was fined.

choi

(2) Bruce Einhorn Fion Li and Enda Curran, Hong Kong Suffers for Its Devotion to the Peg.
http://www.bloomberg.com/news/ar ... ion-to-currency-peg

Quote:

"Hong Kong has pegged the value of its dollar to the greenback since 1983.

"On his blog in late August, Hong Kong Financial Secretary John Tsang warned that the economy may slow from the 2.6 percent growth rate it managed in the first half of the year.

My comment:
(a) summary underneath the title in print: The link to the greenback makes the city expensive for the Chinese.
(b) summary at the beginning of the section within the magazine: Hong Kong gets squeezed between China and the Fed.
(c) I thought Chinese did not go to Hong Kong as frequently as before was because certain Hong Kong activists clamored against it.

choi

(3) Craig Giammona with Kiel Porter, A Founder Who Wants to Stay in the Kitchen.
http://www.bloomberg.com/news/ar ... nder-is-staying-put

Quote:

"Chobani still growing faster than the overall yogurt market

"Chobani has grabbed about a quarter of the $8 billion US market for spoonable yogurt

"Greek yogurt sales have exploded in the US. since Chobani’s debut. In 2010, Greek sales were about $550 million, or roughly 10 percent of the total market. Since then, sales have jumped about 500 percent as Greek yogurt’s captured nearly half the market; meanwhile, traditional yogurt sales have slumped about 22 percent, according to Nielsen.

"morning hours, when two-thirds of yogurt is consumed

Note:
(a) summary underneath the title in print: Chobani’s Ulukaya is looking for an operations chief but is staying put
(b) TPG Capital
https://en.wikipedia.org/wiki/TPG_Capital
(formerly Texas Pacific Group; founded in 1992 by David Bonderman, James Coulter and William S. Price III; is headquartered in Fort Worth, Texas, and San Francisco)