Ex Noumi AGMAlthough the processor's overall export sales...

Ex Noumi AGM

Although the processor's overall export sales volumes lifted almost 16 per cent in 2021-22, thanks largely to gains by plant-based beverages, Mr Perich said Noumi had weathered a challenging year, particularly in the dairy segment.Longlife dairy sales volumes dropped four per cent to 246 million litres, lactoferrin sales volumes were down almost a quarter to 21 tonnes, and overall the company posted a statutory net loss across the business of $161m after a 5pc revenue fall to $522m.

Noumi has similar issue to BFC being if you don't get or process milk you don't get lactoferrins. Noumi milk user is UHT (with problems), BFC milk user is Mozzarella (with margin problems).

Wonder what the real Lactoferrin market price is ??