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A significant bounce in powder and butter sales helped reinforce western-based Aurivo’s financial results for 2020.
Aurivo’s dairy ingredients business is mainly made up of butter and powder sales.
Aurivo produces a lot of enriched powders, which essentially are dried milk with the fat percentage increased with the addition of varying levels of vegetable oil.
Aurivo sell this product in Africa, which is a growing market. Once it lands in Africa, the powder is sold in small local stores.
Turnover in dairy ingredients jumped from €172m to €198m
The African consumer takes the powder home where water is added again. This product is used as a substitute for milk in Africa, where they can’t get ‘normal’ milk as Irish consumers know it.