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
 

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.