Meat supplier Cranswick has warned of higher prices as a result of world commodity volatility.

Cranswick, which produces a range of pork products, said the worldwide squeeze on commodity products meant it had to seek higher prices. It had warned in its third-quarter statement in February that it would be discussing the cost situation with customers.

"The company is achieving price increases in the primary processing part of the business as supply tightens and anticipates similar success in further product processing to offset rising raw material costs resulting from global commodity price rises and the strong euro," it said in a statement.

Cranswick reported a 21% like-for-like rise in sales compared with the previous year. Food sales were up 20% and petfood sales rose 28%.

Cranswick said its full-year results should be in line with expectations, on the back of the consolidation of its premium bacon production into the new factory at Sherburn.