German producers warn of food shortages

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Germany’s frozen and fresh food producers have warned that rising energy prices may soon force them to stop operations, according to Die Welt.


“There are significant supply gaps in the daily food supply for people in Germany. The situation is more than serious,” an open letter from the industry said.

“Companies now fear that production lines will soon come to a standstill and that refrigerated logistics centers for food distribution will be closed. Some are even preparing for possible insolvency.”
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Re: German producers warn of food shortages

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Ogee wrote: Mon Sep 26, 2022 6:15 pm Germany’s frozen and fresh food producers have warned that rising energy prices may soon force them to stop operations, according to Die Welt.


“There are significant supply gaps in the daily food supply for people in Germany. The situation is more than serious,” an open letter from the industry said.

“Companies now fear that production lines will soon come to a standstill and that refrigerated logistics centers for food distribution will be closed. Some are even preparing for possible insolvency.”
Yeah, I have heard that. Once people realize how serious the situation is, it will trigger a run on the grocery stores and supermarkets. ...Then it's game over.


Re: News Ahead

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GB News @GBNEWS
12m
‘Fundamentally we are seeing the shine of electric vehicles disappearing… electric vehicles are ridiculously more expensive.’

Founder of Fair Fuel UK, Howard Cox reacts to the cost of charging an electric car rising by 42%.


But politicians stuck in green agenda mode ...

Rachel Reeves promises to be 'first green Chancellor' and says 'fracking will not happen' if Labour elected

JPY Currency intervention effect mostly undone

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''Officials sold the move as a means of “protecting the Yen from excess volatility” as the currency has fallen 26% against the US dollar since March, and it is the first time since 1998 that Japan has intervened by buying Yen. The measure did provide some short relief for the pair as it dropped back to 140.30 on the announcement.''

''But traders remain skeptical that the Yen can be protected from further depreciation without interest rate hikes from the Bank of Japan (BoJ). ''


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