Chinese stockpiling to benefit A2 Milk

Wed, 13 Jan 2021

A2 Milk will see some upside as Chinese shoppers stock up on items such as baby formula as local authorities in regions near Beijing step up covid-19 restrictions. Market darling A2 Milk has come under pressure recently due to a slide in its retail daigou trade with international borders still closed.The retail daigou trade involves individuals – such as international students and tourists – buying infant formula in Australia and sending it for resale in China. Stockpiling, however, was a key driver in positive results early la...

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