Demand lowers but hope for next week.
Demand is soft, and fruit is abundant across all categories, however, this should improve at the end of this week.
Retailers overseas abandon self-checkout
A popular retailer, Canadian Tire (similar to Kmart in Australia), has decided to remove self-service checkouts from selected stores following customer feedback. This move has been applauded by shoppers.
Agriculture set to be a focus at COP28 conference.
The upcoming global climate summit, COP28, will for the first time focus significantly on food systems, highlighting the complex relationship between agriculture and climate change. Agriculture is not only severely impacted by climate change through extreme weather events but also contributes notably to greenhouse gas emissions, primarily through methane from livestock and carbon from land clearing.
Rabbiteye blueberry season ramps up as strawberry production kicks off.
Rabbiteye Season is ramping up three weeks earlier than 2022. Southern Production of Strawberries is expected to kick this week, and RUBUS moves sideways.
State of the Industry by Circana – Slow value growth across all channels.
Circana (previously IRI/Aztec provider of Coles supermarket scan data) presented a State of the Industry report. In the current economic environment of rising interest rates, rents and home loan repayments affecting all but one-third of the population who own their home outright, we are seeing more pressure on households with persistent inflation continuing to erode buying power.
