BBC World Service

Chinese customers stockpile Australian baby formula

Marketplace Contributor Jan 10, 2013
HTML EMBED:
COPY
BBC World Service

Chinese customers stockpile Australian baby formula

Marketplace Contributor Jan 10, 2013
HTML EMBED:
COPY

Many Chinese are suspicious of domestically produced baby formula following a safety scandal in 2008. Six children died and thousands fell ill after formula and other milk products were found to be tainted with an industrial chemical.

The supplier of Karicare says, since then, demand in Asia for Australian and New Zealand baby products has spiked.

Sarah Rooes, a retail manager with a pharmacy in Sydney, says her local Chinese customers are snapping up what product there is.

“They’ll come in and they’ll buy a whole heap of them. I think they just buy bulk for family and that sort of stuff, and to send overseas and that sort of thing.”

Pharmacists say some visitors heading back to China are cramming as many containers as they can into their luggage. Now some retailers in Australia are limiting the number of Karicare tins that customers can buy as inventory in parts of the country runs low.

The supplier says it’s hoping to increase production by 50 percent over the next year.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.

$5/month special ending soon!

Don’t wait: there’s less than 24 hours left to get (almost) any Marketplace thank-you gift.