Five food companies with exposure to China

Financial journalist and commentator on 3AW and Sky Business
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The road to riches in selling food produce to China’s masses does have the odd pothole, after all.

There have been several reminders of that this year, the most recent being this month’s very disappointing trading update from infant formula specialist Bellamy’s Australia Limited.

Market darling Bellamy’s second-quarter is not going to be anywhere near as strong as the first-quarter was, and it downgraded its full-year FY17 earnings guidance significantly. Bellamy’s said sales in China would not meet its expectations, and that it was being hurt by recent Chinese import regulation changes – despite appearing to be managing that situation well.

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