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Ebro profits as consumers stock up on rice and pasta during lockdown

36% jump in annual profit

Ebro Foods reported on Thursday a 36% jump in annual profit, with its rice and pasta products particularly popular as coronavirus restrictions forced people to eat more at home. The Spanish owner of brands such as Tilda rice in Britain and pasta makes Garofalo in Italy and Panzani in France, said that its sales increased 15% in 2020 to 3.24 billion euros in an “exceptional” year. That resulted in...

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EFA News - European Food Agency