FY21 represented a noticeable shift in the operating environment at large registering subdued inflation figures, more permissive trading hours in the face of COVID-19 and increased bottom of the pyramid liquidity from an above average summer crop harvest season. The bulk of Innscor’s operating units responded positively to these developments gaining double digit volumes growth from redactions experienced last year . For the Mill-bake segment, the Bakery division rebounded 36% y/y enabled by a reliable and consistent supply of key raw materials and cost stability. Volumes at National Foods grew 15% to 525,430mt weighed down by performance in the maize category. Profeeds recorded a 31% increase in feed volumes, as well as a 47% uptick in day-old chick volumes. In the Protein segment ...
