Coro­n­avirus se­verely im­pact­ing agri­cul­ture sec­tor

Central and North Rural Weekly - - RURAL WEEKLY -

THE coro­n­avirus out­break is al­ready hav­ing a se­vere im­pact on China’s food ser­vice and on­trade chan­nels and this could be­come “more se­ri­ous and longer-last­ing” if the virus is not con­tained bank­ing spe­cial­ist Rabobank has warned.

But the ex­tent of the im­pact on Aus­tralia’s agri­cul­tural sec­tor will be lim­ited in the short-term and will de­pend upon how quickly the virus is con­tained, it says.

In a just-re­leased re­port by the bank’s China-based re­search team, Rabobank says “dis­rup­tions are be­ing ex­pe­ri­enced across the en­tire F&A (food and agri­cul­ture) sup­ply chain” with the virus dis­rupt­ing trade, pro­duc­tion and sup­ply chains as well as hav­ing a sig­nif­i­cant im­pact on out-of-home food con­sump­tion with the clo­sure of many food ser­vice out­lets.

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