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Published December 30, 2013, 09:57 AM

Fonterra challenged in China’s market

Milk powder buyers in China are starting to cut their reliance on New Zealand’s Fonterra, opening the way for U.S. and European firms to break the dairy giant’s grip on an infant milk formula market set to double to $25 billion by 2017.

By: Adam Jourdan and Naomi Tajitsu, Reuters

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