More organic infant milk options from Bellamy's

Company News

by Rachael Jones

Bellamy’s Australia (ASX:BAL) has new plans to increase organic milk supply in its infant formula products.

They plan to amend an agreement with Fonterra Australia to begin development of a Tasmanian organic milk pool at Fonterra’s Darnum site.

They also want a new multi-year agreement to secure access to Australian sourced organic fresh milk with an affiliate of Australian Consolidated Milk and an amended agreement with Tatura Milk Industries (ASX:TMI) to incorporate fresh organic milk into production.

Bellamy’s is committed to supporting the conversion of conventional Australian dairy farms to organic farms.

They will support the development of the pool with an initial investment of $5.5m to assist the installation of processing assets to facilitate organic milk handling and processing.

Shares in Bellamy’s Australia (ASX:BAL) closed up 4.51 per cent to $16.91 yesterday
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.