Coles, Woolworths say supplies safe despite border closure via @suemitchellafr

Coles and Woolworths are confident the border closure between NSW and Victoria will cause little disruption to food and grocery supplies, and have lifted almost all purchase restrictions put in place last week amid another outbreak of panic buying.

Coles said on Monday night it would drop all limits on purchases at its supermarkets and convenience stores, and Coles Online from Tuesday.

Woolworths is still limiting purchases of toilet paper but Coles has lifted all buying restrictions. Delyse Phillips

"We thank customers for their patience and understanding while the limits were in place to help us manage increased demand in stores and temporary delays in our Victorian supply chain," a spokesman said.

"We ask that customers continue to buy only what they need and observe all safety and physical distancing measures in our stores."

Woolworths quickly followed suit, lifting all purchase restrictions apart from toilet paper, but said it would not hesitate to reinstate product limits if needed.

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Cash cow crisis: Supermarkets 'the lowest form of corporate in this country’, minister says via @ajastyles

Federal Agriculture Minister David Littleproud has lashed out at the supermarket giants after they continued to pass the buck as dairy farmers struggled to make a wage, let alone turn a profit.

WAtoday revealed last month that despite Coles and Woolworths seeing record spikes in sales – including dairy – during the pandemic lockdown, none of the money made it into WA dairy farmers’ pockets.

Federal Agriculture Minister David Littleproud. CREDIT:ALEX ELLINGHAUSEN

One Harvey farmer said he was $2.7 million in debt after a decade of supermarket price squeezes.

WAFarmers dairy council president Michael Partridge said average farmgate prices for milk sat at 50 cents a litre, with the cost of production being the same amount.

The post: Cash cow crisis: Supermarkets 'the lowest form of corporate in this country’, minister says via @ajastyles appeared first on https://www.watoday.com.au/
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It’s a new scene for grocery shopping as pandemic changes behaviors via @SN_news

The arrival of coronavirus in the United States upended Americans’ grocery shopping habits, triggering more store visits and online purchases as consumers tried new ways of shopping and shifted to eating at home, according to the FMI-The Food Industry Association’s annual U.S. Grocery Shopper Trends study.

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How worrying is Britain's debt? Surprisingly, we economists say: not very via @EthanIlzetzki

The coronavirus pandemic has taken a calamitous toll on the economy, with unemployment in April 2020 rising faster than in any month on record. The Treasury has responded with unprecedented measures to support workers, businesses and the self-employed, leading to a public deficit of £300bn this year.
The post How worrying is Britain's debt? Surprisingly, we economists say: not very via @EthanIlzetzki appeared first on theguardian.com
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