News Corona crisis
Freezers still full of fries and meat
According to Rabobank, cold stores in the Netherlands are still packed with agricultural products such as chips and meat. It is also expected that this will remain the case for a while, despite the relaxation of the corona measures.
The storage sector is one of the few sectors to benefit from the corona crisis. Due to the lockdown and export restrictions, regular sales stagnated and cold stores overflowed with agricultural products, such as chips, meat and fish. The loss of slaughter capacity in our country, at Vion and Van Rooi, among others, in May and June, apparently did not detract much from the high meat stocks.
Second wave
Rabobank speaks of an extreme situation that decreases as the catering and food service are open longer. However, the financier does not think that the situation will return to normal anytime soon. For fear of a second virus wave, demand for storage capacity is likely to remain high in the coming months. In addition, energy prices are low, which reduces storage costs. Other distribution centers have also built up large stocks, Rabobank notes.
Wouter Job
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