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Stock impact report

Mexican farmers give away tomatoes as demand squashed by coronavirus [Reuters]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: Reuters
Mexican farmers give away tomatoes as demand squashed by coronavirus MEXICO CITY (Reuters) - Mexican tomato farmers are so hard pressed to sell their product at home or abroad due to the disruptions caused by the coronavirus outbreak that they have had to donate some of their produce to food banks or use it to feed cattle. Demand for tomatoes from Sinaloa, Mexico’s top tomato-producing state, dropped by 40% in some areas among growers that supply businesses ranging from hotels to fast food chains including Subway and McDonald’s ( MCD.N ), farmers said. All growers have been hard hit by U.S. and Mexican government orders to suspend operations at non-essential businesses and advice for the public to stay at home, in spite of efforts by farmers to sell to outlets that are still open, such as supermarkets. “A considerable amount of the harvest has been given away to food banks and other private aid institutions,” said Enrique Rodarte, president of the Rio Culiacan farmers’ association i Show less Read more
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