Here’s why the A2 Milk (ASX:A2M) share price was hammered in 2020

The A2 Milk Company Ltd (ASX: A2M) share price was uncharacteristically out of form in 2020.

After years of smashing the market, the infant formula and fresh milk company’s shares were thumped by the market.

Over the 12 months, the a2 Milk share price lost 20% of its value.

What happened to the a2 Milk share price in 2020?

It was a very strange year for a2 Milk and its shareholders and was certainly a tale of two halves.

For the first half of the year, a2 Milk was seen as a COVID-19 winner along with Coles Group Ltd (ASX: COL) and Kogan.com Ltd (ASX: KGN).

The pandemic caused panic buying of infant formula in the ANZ region and over in China. This resulted in a surge in sales and led to the a2 Milk share price hitting an…