Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Australians brace for a hot chip shortage amid wild weather

Published

on

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.

 

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.

Continue Reading

Money

Why the meme-stock frenzy is unlikely to repeat

Published

on

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Continue Reading

Money

Why are airlines after the Biden Administration?

Published

on

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Continue Reading

Money

The mounting pressure on Government spends

Published

on

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

Continue Reading

Trending Now