20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
This story was first published on the Benzinga India Portal.
McDonald’s (NYSE:MCD) India’s North and East divisions announced on Friday their decision to remove tomatoes from their menu items due to seasonal procurement challenges.
What Happened? The company expressed its difficulties in securing tomatoes that meet its strict quality control standards because of the current seasonal disruptions.
India’s tomato prices have soared due to the impact of heavy rainfall and seasonal issues on supply chains, transportation, and crop quality. Prices in regions such as Delhi, Kolkata, and Uttar Pradesh have climbed to $1.63-$1.87 per kilogram.
See also: India Could Play Key Role In Mark Zuckerberg’s Threads’ Success As Meta Takes On Elon Musk’s Twitter
In their statement, McDonald’s India assured this was a temporary situation, promising to reintegrate tomatoes into its menu as soon as possible.
The fast-food giant had previously faced a similar issue in July 2016, leading to the removal of sliced tomatoes from its products in North and East India.
McDonald’s India sources its tomatoes from various Indian states, including Karnataka, Punjab, and Maharashtra. These tomatoes typically reach McDonald’s restaurants within 1-2 days of harvest, with the company sourcing approximately 3,500 – 4,000 kilograms of tomatoes daily, as per a 2017 blog post.
Read next: Rice To Join Tomatoes In Price Surge Amid Weather And Policy Shifts: Report
Photo by Lahore Qalandars7 on Shutterstock
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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