Market Chatter: Jiahe Foods Industry Pivots to Coffee from Non-Dairy Creamers to Avoid Competition

MT Newswires Live

Sep 12, 2024

Jiahe Foods Industry (SHA:605300), a non-dairy creamer manufacturer, will pivot toward coffee products to stay away from competition from dairy giants that have penetrated into the coffee market, Yicai Global reported Wednesday.

Jiahe will sell packaged products on e-commerce sites and will target existing coffee companies and industrial clients, the report said, citing Chairman and General Manager Liu Xinrong.

The company's products include roasted coffee beans, coffee powder, and coffee concentrate, the report said.

Shares closed 4% during Thursday's trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (RMB): Â¥10.42, Change: Â¥-0.49, Percent Change: -4.49%

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