It’s been a relatively good month for ASX dairy stocks, with a handful of stocks posting double digit share price returns.

For the year however, only 5 companies with dairy or dairy-adjacent operations have posted positive price returns.

In June, the three biggest winners were Beston Global (ASX:BFC), Bubs Australia (ASX:BUB)and Australian Dairy Nutritionals (ASX:AHF).

Two other stocks that rose without specific announcements were Bioxyne (ASX:BXN) and Clover Corp (ASX:CLV).

ASX dairy and milk stocks — monthly and yearly performance

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Monthly winners

Beston Global +46%

The BFC share price has surged since announcing the commissioning of its newly installed Lactoferrin extraction columns.

The extraction columns provide further refinements to the extraction process to optimise the Lactoferrin yield for the actual composition of milk.

This is effectively a calibration of the process to maximise the amount of >95% purity Lactoferrin that can be extracted from the skim milk feed to the extraction columns.

Since first listing in 2015, the South Australian-based company has grown its dairy sales revenue exponentially from $43 million in FY18, to $120 million expected in FY21.

The company’s products include Lactoferrin, mozarella, whey powder, cream, butter, cheddar, as well as processed meat from its facility in Shepparton.

Bubs Australia +28%

Bubs has surged this month after launching its Aussie Bubs infant nutrition brand into the US market.

The company announced e-commerce tie-ups in the US, making the Aussie Bubs brand available on and

Bubs estimates  the infant nutritional market in the US to be worth around US$5 billion annually.

The company said that it’s also in an ideal position to benefit in the fastest growing infant formula market of China, which is worth around $37 billion a year.

Despite COVID restriction, Bubs had a solid quarter-to-quarter growth of 36 per cent, but its first half revenue of $22.2 million still lags the previous corresponding half revenue of $28.8 million.

Australian Dairy +15%

Investors were buying AHF shares in June after the company announced that its cornerstone infant formula project was completed, with the first production of milk powder and infant formula expected in Q4 of this year.

The company said that its farms in South West Victoria are all enjoying excellent seasonal conditions with good rainfall from April to June, along with intermittent periods of sunshine facilitating good pasture growth.

It also reported a 20% increase in the value of the farm portfolio, up by $3.6m to $21m in the past 12 months.

The company owns and operates dairy farms and a processing facility in South Western Victoria, which is known as the ‘Golden Triangle’ of Australia’s dairy industry.