Australian Dairy Farms plans organic infant formula

Australian Dairy Farms plans organic infant formula

Shares in Australian Dairy Farms have soared after the dairy farm operator said it is planning to produce organic infant formula for Australian and overseas markets. Australian Dairy Farms intends to convert its six Victorian dairy farms to organic production in the first step of the plan, which the company hopes will transform it from a minor player in the highly competitive conventional milk market to a major player in organic food products. “The initiatives are a first significant step in making the company a major player in producing and distributing organic premium-quality branded food products,” Australian Dairy Farms chief executive Peter Skene said in a statement on Monday. Shares in Australian Dairy Farms closed 7.5 cents, or 68.2 per cent, higher at 18.5 cents, after peaking at 25 cents. The company expects to convert all of its 1457 hectares to organic production, which will make it the largest single-owned organic dairy farming operation in Australia. Aside from its six dairy farms in Victoria’s south-west, Australian Dairy Farms also owns a milk processing facility, the Camperdown Dairy Company, which is capable of producing specialist products……. Read

 

 

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