Infant formula producer Bubs Australia (ASX: BUB) has secured a minimum 6 million litres of goats milk per year on top of its current supplies, following a supply agreement signed today with Central Dairy Goats of New Zealand.The initial five-year agreement guarantees Bubs a minimum supply volume of 2.2 million litres through to May 2019 and 6.2 million litres the following year.The milk will be processed to powder at a New Zealand facility, ready for export to Australia where it will undergo further processing to produce Bubs’ range of CapriLac adult milk powders.
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