Black Monday

[clip]

https://www.scoop.co.nz/stories/BU20...s-recovery.htm

Denmark beat other European markets. It is better than V shape recovery. Their defensive stocks led the rally. Finally, they recovered fully and trading above their pre-corona level but too pricey according to some.

Is that link related to the post, or wrong link posted perhaps?

[Valuegrowth]

Is that link related to the post, or wrong link posted perhaps?

No Clip, it is not related to the link. Sorry for the confusion.

https://www.scoop.co.nz/stories/BU20...s-recovery.htm
NZ food processing sector’s key role in NZ’s Recovery

[kiora]

No Clip, it is not related to the link. Sorry for the confusion.

https://www.scoop.co.nz/stories/BU20...s-recovery.htm
NZ food processing sector’s key role in NZ’s Recovery

Packaging just as /more important than most things though

Pak & Save haven't had Cocoa for 3 weeks because they haven't been able to get more packaging from China
Flour same thing for smaller 1 Kg packaging.That is why they only sell in 10 kg bags
Pretty dumb ha
USA dairy processors can't make or have the right packaging facility to package cheese for the supermarket
"impacts of the coronavirus pandemic began to upend the dairy supply chain. Now, dairy prices are in freefall. Even as grocery stores struggle to keep dairy cases stocked, farmers across the country have begun dumping milk that their processors have no room "
https://civileats.com/2020/04/08/the...-to-the-brink/
"having a foot in each of the food service, ingredients and consumer camps in several markets had given it valuable flexibility as the pandemic situation evolved "
https://www.stuff.co.nz/business/far...+25+April+2020
USA freezers full of beef for the restaurant trade,high fat % so have to grind with lean(Aust/NZ) beef for the burger trade
https://www.wisfarmer.com/story/news...ns/2994133001/
Potato farmers ploughing in crops
https://www.marketscreener.com/AHOLD...4/?countview=0

Famine in the midst of plenty

[Balance]

Famine in the midst of plenty

Placing NZ in a superb position to supply food and fresh produce in the Northern Hemisphere autumn & winter (Sep to Jan) and giving our economy a big boost.

[Balance]

https://www.ft.com/content/10d24f35-...d-51be9097a100

Markets have bottomed and will continue to rally, according to analysts in the article.

"What was dismissed as a mere 'bear market rally' qualifies now as a new bull market."

So why the dis-connect between the increasingly grim economic conditions out there vs the steady rally in stock markets?

Simplistically, global efforts by central banks led by the US Federal Reserve to soothe the financial system have been the trigger. And the central banks have been very clear that they will do whatever is needed to cushion the economic downturn and avoid depression.

"Don't fight the Fed'.

Well, that's one view offered by analysts anyway.

There are still many other analysts who believe that economic downturn of this magnitude will tend to produce a lot of head-fake rallies and stomach-churning sell-offs.

[arc]

Packaging just as /more important than most things though

Pak & Save haven't had Cocoa for 3 weeks because they haven't been able to get more packaging from China
Flour same thing for smaller 1 Kg packaging.That is why they only sell in 10 kg bags
Pretty dumb ha
USA dairy processors can't make or have the right packaging facility to package cheese for the supermarket
"impacts of the coronavirus pandemic began to upend the dairy supply chain. Now, dairy prices are in freefall. Even as grocery stores struggle to keep dairy cases stocked, farmers across the country have begun dumping milk that their processors have no room "
https://civileats.com/2020/04/08/the...-to-the-brink/
"having a foot in each of the food service, ingredients and consumer camps in several markets had given it valuable flexibility as the pandemic situation evolved "
https://www.stuff.co.nz/business/far...+25+April+2020
USA freezers full of beef for the restaurant trade,high fat % so have to grind with lean(Aust/NZ) beef for the burger trade
https://www.wisfarmer.com/story/news...ns/2994133001/
Potato farmers ploughing in crops
https://www.marketscreener.com/AHOLD...4/?countview=0

Famine in the midst of plenty

Yes, a good example of chaos theory in action. These kinds of unexpected ripples will increase in nature and magnitude.
You want another carry bag, and there is a storehouse full of canvas, but the cotton to sew the bag together is unavailable...

Some of it is also a deliberate choice of some companies. Oil/Petrol suppliers are suffering but companies will turn ships away as an oversupply would initiate price decreases... very undesirable.

[nztx]

No Clip, it is not related to the link. Sorry for the confusion.

https://www.scoop.co.nz/stories/BU20...s-recovery.htm
NZ food processing sector’s key role in NZ’s Recovery

What is the underlying ownership of the bulk of our larger Food Processors / Exporters ?

We can point to Japan, USA and undoubtedly others

Do we actually own any of the larger operators as NZ owned, aside from Fonterra ?

[CatO'Tonic]

What is the underlying ownership of the bulk of our larger Food Processors / Exporters ?

We can point to Japan, USA and undoubtedly others

Do we actually own any of the larger operators as NZ owned, aside from Fonterra ?

Talley's and Sealord spring to mind

[nztx]

A number of other Meat & Dairy Co-ops & Co's - but then others have degrees of foreign ownership too like SFF etc ..

[Balance]

Talley's and Sealord spring to mind

Meat processors are now predominantly NZ owned - Alliance, Progressive, Greenlea, Affco.