Elders, a2 Milk, Bubs Australia, Bega Foods, Keytone Dairy and Synlait ASX share prices at high levels

The share prices of a number of agribusinesses have risen to above levels set prior to the coronavirus-induced ASX collapse in February.

A NUMBER of agribusinesses have weathered the COVID-19 storm, with their share prices now higher than when stockmarkets around the world began collapsing on February 24.

Elders and dairy companies Bega Foods, The a2 Milk Company, Bubs Australia, Synlait Milk and Keytone Dairy have all gained ground on the Australian Securities Exchange in the past couple of weeks.

The standout performer is The a2 Milk Company, which set a new high share price in early trading today when it hit $17.48.

The previous record of $17.42 was set only last week, topping a high of $17.30 established in July last year.

A share price of $17.48 meant the market capitalisation of a2 Milk — the largest agribusiness listed on the ASX — hit $12.62 billion.

Elders’ share price rose to $8.46 a share in early trading today, 3.9 per cent higher than the $8.14 share price recorded on February 21.

Bega Foods’ share price rose to $4.76 early today, 6 per cent higher than its $4.49 level on February 21.

Dairy goat milk producer and processor Bubs Australia hit 84c, 7 per cent higher than the February 21 price of 78.5 cents.

The share price of New Zealand milk processor Synlait Milk was sitting on $6.59 a share on February 21 and was sitting on $7.07 today, a rise of 7.3 per cent.

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Another ASX-listed NZ milk processor, Keytone Dairy, saw its share rise to 41c last week.

Keytone’s share price had been steadily declining since January this year and was sitting on 32c prior to sharemarkets crashed on February 24.

It fell as low as 19.5c in mid-March.

Peter Hemphill’s family has shares in Bubs Australia.