Pre-made food demand in China booms, husbandry stocks sink

Sales from companies in China’s pre-made food industry jumped four folds year on year as more consumers choose to stay indoors. Food delivery service Dingdong Maicai reported sales volume of popular Lunar New Year dishes soared 500-980% in the past week as the holiday is just around the corner. Changes in food-eating habit are particularly notable in the younger population in China with increasing willingness to order deliveries instead of eating out. The main customer type for Chinese grocery d...