Fonterra: In August 2018, the a2 MilkTM brand, under licence to Fonterra, was launched in New Zealandwith national advertising and distribution and is performing well relative to plan. We have also begunsourcing direct ingredients from Fonterra with increased supply during the second half of calendar 2019.The relationship with Fonterra remains strong. Our joint teams are actively working together tocommercialise the next wave of opportunities which will come from our partnership; and we continue tobe encouraged by the potential.
Nzx full year results, page-9
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