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Elevated prices for the staple food maize are putting pressure on cash-strapped South African consumers still reeling from the coronavirus pandemic and fanning food price inflation. ....
5/28/2021 Staple white maize up 28% year-on-year Meat prices rise on higher feed costs, less slaughtering By Tanisha Heiberg JOHANNESBURG, May 28 (Reuters) - Elevated prices for the staple food maize are putting pressure on cash-strapped South African consumers still reeling from the coronavirus pandemic and fanning food price inflation. A global run in the price of maize driven by higher import demand from China, droughts in South America and dry conditions in parts of the United States and Canada has raised local maize prices despite expectations of a bumper 2020/2021 domestic maize crop. The September domestic white maize contract closed at 3,107 rand ($224.85) per tonne on Thursday 28% higher than a ....
To embed, copy and paste the code into your website or blog: The ability of a creditor to exercise its contractual, common law or statutory rights under non-bankruptcy law to set off amounts owed to a debtor in bankruptcy against the debtor s obligations to the creditor gives offsetting creditors an important advantage. Unlike many other creditors, creditors with setoff rights can receive preferential treatment in the form of full payment on their claims up to the amount of the setoff. However, a limitation on the exercise of setoff rights in bankruptcy is the Bankruptcy Code s requirement that the debts involved must be mutual, a concept that is not well understood and sometimes disputed in the courts. The U.S. Court of Appeals for the Third Circuit recently addressed the meaning of mutuality in this context as a matter of first impression. In ....