27 March 2008 - Nikkei report major food companies sharply cutting back their frozen products due to sales plunge on poisoning cases involving contaminated dumplings made in China likely positive for firms in longer term, says trader at European brokerage.
May be negative for them temporarily, he says, as they need to find alternative ways to recover earnings, but adds, "What's the point of leaving products on shelves that are not selling?... the decision makes sense," he says.
Nikkei says Japan Tobacco slashing production by as much as half, Nichirei and Ajinomoto have lowered output by about 30%.