But wait, the last 3 days highs were 10.52, 10.77 and 11.07, and the lows were 10.26, 10.50 and 10.77. That is all I am going to say, don't want to put a jinx on it. Ann.reporting is coming out soon, and we all know what the results will be.
by Andrew Tillett
The a2 Milk Company will extend its lucrative arrangement with a massive state-owned agricultural company to sell powdered infant formula into China in a deal that shows trade ties have remained strong despite the well-documented diplomatic differences between Canberra and Beijing.
The deal, which is being covered by an extensive Chinese media contingent, coincides with recent signs of a thawing of the diplomatic freeze that Australia has endured.
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It is interesting that A2 only has about 5.4 per cent market share of China's premium powder formula segment. China's total infant formula market is worth $US20 billion annually.
They are straight out market manipulators, any downramping or upramping from them and the likes of Citi are to be trusted as much as a bull in a China shop.
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