The company said it started to invest more in its pig farms, including an acquisition of Packington Pork Limited late last year. It comes as Cranswick lines up to grab a slice of the pork market in Asia. It comes as figures revealed that Chinese pork production had fallen to a 16-year low off the back of a major outbreak in the country. The outbreak, and a subsequent rise in meat prices, has caused inflation to soar in the world’s largest pork market. The market update from Cranswick did not reveal its predictions for adjusted profit before tax, but said it would be higher than market expectations.

Source: Irish Independent January 17, 2020 09:56 UTC