Oceania Natural third-quarter sales growth stalls on unstable grey market – The National Business Review


Oceania Natural’s third-quarter revenue stalled earlier growth as an unstable grey market in China prompted the honey and noni juice products maker to rethink its distribution into the world’s most populous nation.

Total revenue was $327,000 in the three months ended December 31, compared to $1 million in the second quarter, the Auckland-based company said in its key operating metrics. The NXT-listed company last week scaled back its 2017 forecast as discounted rival honey products undermined its sales into China through grey markets, and forced it to focus on direct distribution channels.

Oceania Natural said sales were weighed on by the uncertainty over the definition of genuine manuka honey and an upcoming science report will be watched by the industry and consumers alike while changing Chinese regulations and the rise of counterfeit manuka online meant it had to rely on slower…



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