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NZ agriculture continues to reduce debt - Rabobank
6 Apr, 2021 05:00 PM
3 minutes to read
Farmers and food producers managed well through the Covid-19 pandemic over 2020. Photo / File
Robust trading conditions in New Zealand s agricultural sector have led to debt reduction across the entire market, Rabobank NZ chief executive Todd Charteris says. Last year we saw the lending market contract, so that is a sure sign that businesses have been quite profitable - and that s a positive, Charteris told the Herald.
He said farmers and food producers managed well through the Covid-19 pandemic over 2020.
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For some, that meant reducing debt but for others sometimes involved investing more.
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https://www.afinalwarning.com/502048.html (Natural News) Global supply chains are breaking down due to the government’s endless Wuhan coronavirus (Covid-19) restrictions, and the latest consumer commodity casualty is coffee.
According to reports, a longstanding imbalance of shipping containers around the world is spiking transportation costs for coffee, which could end up spiking the cost of coffee for end consumers.
Coffee processors of all sizes are being affected by the disruption. Small, medium, and large coffee roasters are all bearing the brunt, though the smaller ones are being hit a lot harder.
“There are supply constraints, not because of production, but simply hurdles brought upon us by COVID-19 and safety guidelines,” says Jorge Cuevas, an executive at Sustainable Harvest Coffee Importers in Portland, Ore.