Kiwifruit marketer Zespri says it is rethinking its business partnership arrangements in its export markets now "it is clear its trust and confidence in its China importers was misplaced".
The marketer, which has a statutory exporting monopoly, stated its intention in a paper backgrounding a current court trial in China in which a Zespri subsidiary pleaded not guilty to charges of criminal smuggling.
The charges, being heard in a Shanghai court, are related to alleged under-declaration of Customs duties by independent importers. Zespri said a judgment is expected in the next two or three months. Fairfax NZ
Do you agree with claims that Fonterra is transferring wealth from farmers to unit holders and to the dividend in contradiction of its milk price manual?Related story: Lower milk price 'to boost dividend'