Feed costs associated with the Poultry division (excluding organic farming impact) increased by
19.8% per tonne. Overall direct cost of goods sold expenditure reduced versus PCP by 11.2%
(noting last year included some one-off costs relating to stock adjustments);
• Milk costs increased by 38.0% per litre over PCP as a direct result of higher farm gate prices; and
• Cream prices increased by circa 22%.
So CPI isn't going to slow down anytime soon
Ann: Business Activity Report & Appendix 4C, page-2
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