Australia: Australia’s Woolworths grocer says heavy rain and floods are hurting potato crops
Australian grocer Woolworths Group said heavy rain may keep squeezing supply of farm-based staples, including potato chips, as soaring shelf prices contributed to a decline in first-quarter food sales,,,
,,, according to a report by European Supermarket Magazine.
The grocer’s latest trading update underscores the impact of a third La Nina weather pattern in three years which has fuelled inflation at Woolworths and smaller rival Coles Group, seen as economy bellweathers since they ring up two-thirds of Australian grocery sales.
It also shows Woolworths‘ grocery dominance being challenged: its September quarter sales showed higher inflation than at Coles, which reported results on October 26, while Woolworths food sales went backwards compared to higher supermarket sales at Coles.
Source: European Supermarket Magazine. Read the full story here
Image: Courtesy Woolworths Group
Fuente: https://www.potatonewstoday.com/2022/11/03/australias-woolworths-grocer-says-heavy-rain-and-floods-are-hurting-potato-crops/
