Emerald Dairy Inc. (EMDY.OB) Forms Supplier Agreement for New Organic Infant Formula
Yesterday, infant formula producer and distributor Emerald Dairy, Inc. released news that it has formed a supplier agreement with Si Ming Yao Ye, a Guangdong-based pharmacy chain, for Emerald Dairy’s recently-launched Xinganling® “Organic” infant formula. Organic infant formulas are a premium product category in China and mostly marketed in tier one and two cities like Guangzhou. In June 2009, Emerald Dairy started to develop an organic baby formula line for the high-end market. After 16 months of monitoring and product testing, the Guangdong Zhongjiang Certification Co (GZCC) approved Emerald Dairy’s organic farming operation. Emerald Dairy now uses the China Organic…