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Did You Know ...? 3 May 2023

By Donna Ahern
Did You Know ...? 3 May 2023

Did you know ...? Australian retail sales grew at their slowest annual pace in 14 months in March, in a warning sign for consumption that will only get worse, following a surprise hike in interest rates this week. Retail sales rose by a modest 0.4% in March from February, when they edged up by just 0.2%, data showed on Wednesday. Sales of A$35.31 billion (€21.33 billion) were up by 5.4% a year earlier, but that was down from 6.4% growth in February. The figure, however, was slightly above the median forecasts of a 0.3% monthly rise.

Did you know ...? Dutch supermarket chain Albert Heijn has launched the ‘True Pricing’ trial in three of its To Go supermarkets, to raise awareness on the hidden costs of products, reports During the trials, grocery shoppers in Groningen, Wageningen and Zaandam are offered the option of paying the normal price or the so-called ‘real price’. The ‘real price’ includes the social and environmental costs throughout the product chain, such as CO2 emissions, the consumption of water, the use of raw materials, and working conditions.

Did you know ...? Agricultural commodities trader Bunge Ltd beat Wall Street estimates for first-quarter profit on Wednesday, helped by strong crush margins and high demand for food, feed and biofuels, reports Reuters. The war in Ukraine reduced crop shipments from the grain-rich country, fuelling prices at a time when demand for agricultural commodities has been high. Bunge and peers Archer-Daniels-Midland, Cargill, Inc. and the Louis Dreyfus Co. make money by processing, trading and shipping crops around the world, and tend to gain from shortages triggered by droughts or wars. Bunge noted that results were strong in all regions in its Refined & Specialty Oils segment, with notable strength in North and South America, reflecting favourable food and fuel demand trends.

Read More: Did You Know ...? 25 April 2023

© 2023 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click subscribe to sign up for the Checkout print edition.


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