A2 shares spike as daigou returns

Wed, 13 Oct 2021

Shares in A2 Milk jumped 12% after a competitor reported massive improvement to its sales through the daigou channel, sparking hope that A2 could report the same thing. The S&P/NZX 50 Index rose 29 points, or 0.2%, to 13,025.18. Turnover was $202 million.Former market darling A2 Milk has had a difficult time during the pandemic as its main export channel – the daigou – dried up when Australia closed its bordersDaigou roughly translates as ‘buying on behalf of’ or ‘surrogate shopping’ and is a...

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