Norwegian Valuations / Pricing, page-10

I am optimistic that as the world returns to normal and people start to patronise restaurants more, that demand for our product will keep growing quite strongly. With our expanded distribution network, including into supermarkets in the US with Hosfeth, that our sales will be limited by our ability to produce rather than by market constraints. That could lead to an increase in farm gate price over and above the $17/kg we achieved in this latest quarter. The only concern then is being able to keep a lid on our costs, especially of feed and power and fuel, in this inflationary environment.