Bubs secures deal with NZ goat dairy farmers

Company News

by Rachael Jones

Bubs Australia Limited (ASX:BUB) has secured additional goat milk supply with Central Dairy Goats Ltd, representing an established group of goat dairy farmers on the North Island of New Zealand.

The agreement guarantees a minimum supply volume of 2.2 million litres through to May 2019, and 6.2 million litres for the following year.

The agreement, together with their existing sources, means they have secured access to the milk supply from 30,000 goats across Australia and New Zealand, producing circa 20 million litres of fresh goat’s milk.

Shares in Bubs Australia Limited (ASX:BUB) are 6.82 per cent higher at 47 cents
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?