Trade/Markets/Prices, Trends

UK: First-half profits down for potato supplier Produce Investments

Pic: GettyPotato farming and supply firm Produce Investments plc has reported a 9.9 per cent fall in first-half sales in what were “very challenging market conditions”. The group notes revenues for the 26 weeks to December 27 were down 9.9 per cent to £80.76 million, “driven by a combination of lower selling prices and a decrease in volumes”. The company said it closed of one of its main packing sites at Tern Hill, Shropshire in August of last year in an effort to “mitigate the impact of the market fluctuations”. More

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