The surge in home dining is boosting Cranswick’s domestic sales, but Covid outbreaks at two facilities are damaging meat exports from the Far East
- Sales in the Far East declined in the 13 weeks up to Boxing Day compared to the same quarter of the previous year
- Premier Foods has also credited the restrictions on outdoor dining for its sales surge
- Cranswick also said that more people are working from home
Meat supplier Cranswick said Brits’ growing propensity to eat at home also benefited them during the fall and Christmas season.
However, the FTSE 250 company’s trade in the Far East was impacted by the suspension of export licenses from two large processing plants after the coronavirus broke out.
The license for the Ballymena, Northern Ireland plant was renewed in November, but the license for the Wotton, Norfolk plant has yet to be re-established, although Cranswick expects it will be in the coming weeks.