A near 12 per cent duty on online shopping won't dent demand for dairy,Bellamy's chief executive Laura McBain says.
Bellamy's Organic shares dived as much as 21 per cent on Friday after the infant formula company said it would ramp up marketing in the next six months and reinvest in the business.
One of Australia's hottest exports,infant formula,is suffering from China's economic worries. Bellamy's Organic shares have fallen 15 per cent in four weeks.
Beston Global Food Company is establishing a tech offshoot to combat a surge in food counterfeiters.
Bellamy's Australia shares climbed 5 per cent on news that it has entered a deal with NZ dairy exporter Fonterra to make infant formula to meet strong demand.