Mr. Conor Geraghty:

We have it here. Two different values are being bandied around. There has been a fair bit of oddball information today. There is value. The data company that collects this data will do so in two separate formats. It will collect the data by the list price that is charged by the wholesalers to whoever buys it. The company will also detail it by pack size or the number of packs. If we just use the list price version, there has been a serious amount of inflation in the cost of everything since 2021, as the Senator is aware. Inflation in respect of dry cow tubes has been at 6%, 8% and 14% in the past three years. If we factor all of that in, we are at -22% by value compared with 2021.

It is approximately the same with pack sizes; I think it is down by 19%. Therefore, there was a drop in 2022, a further drop in 2023 and last year it was a little bit more because selective dry-cow therapy has resulted in an anomaly whereby some of the old bacteria are beginning to make a comeback meaning that more cows needed to be treated in 2024.