Danish Crown's slaughterhouses are back at full capacity
The re-opening of the foodservice sector in several European countries have signalled the end of the waiting period for Danish Crown Beef. Slaughterhouses owned by the company are returning to full capacity but the EU market threatens to maintain low prices for the moment as oversupply is expected to put pressure on the prices.
"Everyone has been waiting for this situation where the market is starting to straighten out. This also means that the supply is now increasing, because slaughter is once again rising. That's why we get a large amount of raw materials out in a market that is still finding its legs. So stocks must be cleaned up before prices start to rise. The reopening means that we have more room to maneuver in, which is why we look forward to settling the backlog of animals that have arisen as a result of the co-owners holding back animals,", explains Finn Klostermann, CEO of Danish Crown Beef. At the same time, the company is looking to enter new markets, such as Canada, where new opportunities have emerged due to the COVID-19 crisis. "We have changed so that the products that were difficult to market for a period have gained new markets. Among other things, the restaurant cuts have gone to the webshop, and when Covid-19 paused the slaughterers locally in Canada, our sales team was quick to open up to that market. In this way, we have created some new opportunities that must also be exploited going forward," added Mr Klostermann.
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