ADF said its board believed a move to convert its six Western District farms to organic milk production were the first steps in making the company a “major player in producing and distributing organic premium quality branded food products”.
The company is particularly eyeing off the organic infant formula market.
“This is a high value-added market with major barriers to entry and sparse competition,” ADF chief executive Peter Skene said.
“While a vertically integrated and efficient producer currently, the company has a modest market share in the conventional milk market.
“The board believes the company’s best prospects lie with moving up the value chain to be a highly profitable manufacturer of these specialty products.”
Shares in the company skyrocketed from last Friday’s close on the Australian Securities Exchange of 11 cents to 25 cents this morning.
They have since settled back to 19.5 cents.
By: PETER HEMPHILL
Source: The Weekly Times
Link: https://www.weeklytimesnow.com.au/agribusiness/dairy/australian-dairy-farms-to-convert-to-organic-milk/news-story/165e8a9bc187d962935083bcef59e1a4
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Afrikaans Albanian Arabic Armenian Azerbaijani Basque Belarusian Bengali Bosnian Bulgarian Catalan Cebuano Chichewa Chinese (Simplified) Chinese (Traditional) Croatian Czech Danish Dutch English Esperanto Estonian Filipino Finnish French Galician Georgian German Greek Gujarati Haitian Creole Hausa Hebrew Hindi Hmong Hungarian Icelandic Igbo Indonesian Irish Italian Japanese Javanese Kannada Kazakh Khmer Korean Lao Latin Latvian Lithuanian Macedonian Malagasy Malay Malayalam Maltese Maori Marathi Mongolian Myanmar (Burmese) Nepali Norwegian Persian Polish Portuguese Punjabi Romanian Russian Serbian Sesotho Sinhala Slovak Slovenian Somali Spanish Sundanese Swahili Swedish Tajik Tamil Telugu Thai Turkish Ukrainian Urdu Uzbek Vietnamese Welsh Yiddish Yoruba Zulu |