Manufacturer of ready meals benefited from the coronavirus

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www.vsyako.netPhoto: CJ CheilJedang

Company CJ CheilJedang of South Korea benefited from the coronavirus — shares of the manufacturer of finished food grew by 135 percent, since March of this year. On Tuesday, July 28, according to Bloomberg.

The reason for this phenomenon was the increased demand for ready meals during the regime of isolation and restrictive measures. The greatest demand registered in the U.S. and China. Among ready products best selling frozen pizza and dumplings. In 2019, the sales volume of such products in the U.S. market grew 50 percent, compared to 2018. the Figures were higher than in South Korea.

In may it was reported that the pandemic coronavirus meat in the United States was unavailable to ordinary Americans, becoming food for the rich. The refining volumes fell is reflected in the range of conventional grocery stores, which began to empty the shelves. At the same time, the situation has not changed in the market expensive segment. In this case we are talking about organic meat, which can cost twice as expensive as usual.

Video, photo All from Russia.

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