A2 Milk shares paused amid US market hopes

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The a2 Milk Company could hear as soon as this week from US authorities on whether it will be allowed to sell baby formula and help alleviate the continued shortage.

in the application process and was one of the first infant formula manufacturers globally to receive temporary US government approval to help address the country’s baby formula shortage.. Chinese-backed Bellamy’s Organic was approved to sell products at the end of June to ship at least 1.25 million tins of its formula.

Care A2 Plus makes Care A2+ infant and toddler formula using single-sourced milk from Australian grass-fed a2 cows. According to documents lodged with the corporate regulator, the company was founded in 2019 with Dominic Galati, Kerry Hyland and Gary Lissa as directors. Although the Abbott Laboratories plant in Michigan has reopened after being closed in February because of the contamination worry, and importation from global companies has surged, US supermarket shelves in many places are still short of stock as the crisis moves into its sixth month.

 

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