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Australians brace for a hot chip shortage amid wild weather

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2 years ago

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Australians brace for a hot chip shortage following weeks of torrential rain

Australians are bracing for a potential hot chip shortage following weeks of severe weather conditions.

The Victorian Farmer’s Federation says the region’s growers are preparing for a “challenging season.”

The crucial growing period has been shortened by six weeks, due to the state’s recent wet and wild weather.

Typically, potatoes are planted around late October to November. This year, the season’s extreme weather will only allow planting to begin from December.

On top of this, farmers say rising costs of fuel and fertiliser as well as a tough labour market are making it difficult to get ahead.

There are now concerns this will be the final nail in the coffin for many of the industry’s biggest suppliers. Many of whom are fed up with the challenging conditions.

There are reports many growers have downsized their farms, planting fewer acres of crops.

Owners of fish and chip stores say they’re already seeing a price hike, with a 15 kilogram box rising from from $31 to about $41.

They are being told is that there are no potatoes in Victoria and the suppliers have to source from other parts of the nation and the world.

Consumers are being urged to buy their chips from outside of major supermarkets if possible to help sustain the industry.

 

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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What to expect for IPO markets

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23 hours ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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ASX positioned for strong start after positive stock rebound

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4 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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4 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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