Spread of the Coronavirus has caused several challenges that have impacted the global economy. However, markets such as the Middle East and Asia, particularly China, have continued to show a steady demand, particularly as of March, boosting exports both in volume and price.
The Company continues to maintain a positive outlook for the year. There continues to exist an imbalance in the supply and demand for beef worldwide. In addition, key consumer markets and emerging markets particularly in China, have continued to import. Furthermore, food production is regarded as an essential activity.
Minerva Foods will continue its food production following the guidelines of the World Health Organization (WHO) and other leading agencies, with the safety of its employees as its foremost priority.