Results down for Manor Fresh

M&S potato and fresh produce supplier Manor Fresh, which is based near Holbeach in Lincolnshire, has reported a turnover of £57 million for the year ending 28 April 2018, almost £3 million less than the previous year. The lower figures were put down to increased potato volumes subduing the market.

However, profits only declined from £1.6 to £1.5 million over the same period. The company estimated the potato harvest in 2017 at 6.04 million tonnes, compared with 5.2 million in 2016 and 5.4 million in 2015.

‘Although an increasingly significant proportion of the UK fresh potato and processed potato supply volumes are now forward contracted by buyers on a fixed value and volume basis, the higher gross tonnage produced from the 2017 UK crop harvest did put downward pressure on non-contracted product prices in some sectors of the UK potato market,’ the Manor Fresh board said in a statement. ‘Despite higher overall total gross potato yields produced during the 2017 UK potato harvest, the inherent quality and availability of certain top tier UK produced potato varieties, particularly Maris Piper, remained a significant sourcing challenge for higher quality retail outlets.’

Photo Credit: Manor Fresh

The post Results down for Manor Fresh appeared first on Hort News.