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Raw milk sell-off

This article was originally published in Foodnews

FEIHE International, a China-based producer and distributor of infant formula, milk powder and soybean, rice and walnut products, has sold its equity interests in Heilongjiang Feihe Kedong Feedlots Co and Heilongjiang Feihe Gannan Feedlots Co. The buyer, Haerbin City Ruixinda Investment Company, is paying USD131.8 million. Under the terms of the deal, it must exclusively supply raw milk to Feihe, until it meets its milk delivery obligations and thereafter must prioritise any requirements of Feihe for extra raw milk.

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