Posted on 06/04/2022 4:20:31 PM PDT by EBH
One of Australia’s largest regional food processors says energy costs are “out of control”, with already elevated gas prices tripling since the company signed new contracts in early 2022.
Consumers will inevitably cop higher prices on their products with other costs also on the rise, including a jump of as much as 40% for raw materials such as tomatoes, carrots and apples in the past year, Jason Fritsch, the chief executive of Kagome, said.
Kogame produces about 200,000 tonnes of tomatoes, 30,000 tonnes of carrots, 10,000 tonnes of apples and 7,000 tonnes of beetroot annually.
The firm’s gas bill will rise 25% next year to $4.4m, but the expenses would have been much higher again if it attempted to sign for the same gas now.
“We’d be paying somewhere between $6m and $8m more,” Fritsch said. “It would be a case of ‘shut your doors’ – you’d be making a loss. It’s crazy how much gas has gone up in the past three or four months.”
Kagome – based in Ecucha, Victoria and employing about 300 people – has also seen its electricity bill rise, but less steeply. The company expects to pay $1.7m this year and as much as $2m next year.
“This is very common across the processing and manufacturing industries in Australia, particularly in regional Victoria,” Fritsch said. Without intervention by governments to lower energy costs, companies would have little choice but to pass on the higher costs if they are to remain in business, adding to cost of living pressures.
Energy prices have emerged as the first major domestic issue facing the new Albanese government, with energy retailers exiting the market and regulators having to intervene to ensure sufficient gas supplies during the first big cold snap of winter.
(Excerpt) Read more at theguardian.com ...
They voted for communists, who cares what happens to them? Every manmade bad thing that now happens to them will be deserved.
Because they are the early warning of what we will see here. Remember 2020 installed communist/progressives here too.
Yes, exactly, and we’ll deserve it as well.
2 weeks ago $4.39
Yesterday, most places are $5/gallon
Today many typical stations I saw are $5.29 - $5.39
Yep, saw a high of $4.99 here today. Expect over $5 in the morning.
Also noticed fewer cars seemed to be on the road today.
George wants Europe to cut off gas and oil from Russia...so EU and elsewhere can commit economic suicide:
George makes Biden sound coherent. this guy is beloved by the “Progressives”!!!
the so-called journalists adore him...and Biden. want to know how to shore up business before 2024 in case Trump gets back in.
George loves how Ukrainians are fighting for us?
VIDEO: 33m42s: 26 May: Youtube: George Soros Takes Questions at the World Economic Forum in Davos
https://www.youtube.com/watch?v=ZXyu8u_hsIA
The lunatic assault on the fossil fuel industry is the core cause of inflation.
Yes it is.
they want us driving electric cars, but hell we cannot even keep the lights this summer.
Up 20 cents overnite in my area.
“they want us driving electric cars, but hell we cannot even keep the lights this summer.”
They don’t care whether you own an electric vehicle or not (and whether you can actually USE it will be irrelevant).
All they really want is for you to be less and less able to go wherever you want; the plan is to bring on a new Dark Age, with a tiny ruling class and a multitude of peasants.
re Soros. ending is a must-listen when George accidentally says Putin instead of Orban and his minders have to whisper in ear and then clarify what he meant to say to the “globalist elites” in the audience.
We had to experience the pain that Jimmy Carter brought us before Ronald Reagan was able to fix things.
Gee, ya think??!?!?
I suppose next you will be telling us that it isn’t part of a larger plan.
Isn’t that the quintessential definition of a communist state?
We can see the criminal enterprise of western democracies signing on to the great reset by deliberately destroying itself and building back better through authoritarian rule
They are talking about gas, not gasoline which they call petro. I’m guessing that they are only referring to processing costs, not delivery.
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