Quarterly exports up 17% year on year, however March picture mixed as China restrictions continue and processors struggle with staffing at home.
Price rises for cheddar cheese, milk, and eggs meant annual food inflation remained high in April, although eased from the 10-year record reported for March.
Covid-19 concerns continue to dissipate, but venues and suppliers must now reckon with a reduction in disposable income.
Stats NZ said that in actual terms, monthly card spending on hospitality continued to decrease, down $56m or 4.9% compared with April 2021.
The latest four-week period sees accelerated dollar growth this year as inflation continues unabated.
Beef cattle numbers increased in 2021, while the number of sheep dipped slightly, according to Stats NZ.
Unemployment has remained at a record low of 3.2% for the March 2022 quarter, according to Stats NZ’s latest employment figures.
The value of total good exports rose strongly in March 2022, driven by increases in dairy products, beef, and aluminium.
The annual CPI inflation rate for the March 2022 quarter reached 6.9% – the largest movement since a 7.6% annual increase in the year to the June 1990 quarter, said Stats NZ.
Consumer spending in hospitality over the week leading up to Easter Monday reached $202.8m, bucking a 23% downward trend over the last eight months following the Covid Delta outbreak, according to payment data from Worldline.
Fruit and vegetable prices jumped 18% over the year with meat, poultry, and fish prices up almost 9%.
The majority of New Zealand’s fish stocks are performing well, according to Fisheries New Zealand’s latest status report.
Ninety percent of retailers expect prices to rise by 7.5% on average over the next three months, says Retail New Zealand.
As several changes to New Zealand’s border rules came into effect in March, spending in the hospitality sector rose gradually but steadily across the nation to reach $700m, according to Worldline.
Supply chain challenges were one of the reasons behind a record number of job vacancies in the first quarter of the year according to analysis from Trade Me Jobs.
But rising costs are forcing consumers to re-think how they spend, says IRI.
Strong international prices pushed the value of New Zealand’s meat exports over $1.1bn in February, up 21% on the same month last year, according to the Meat Industry Association. The MORE »
IRI’s Grocery Market Overview attributes price rises as the major driver behind February’s 5.8% increase in sales value.
Food prices continue their upward trajectory, with fruit and vegetables jumping 17% on a year ago.
Consumer spending at hospitality businesses remains down nearly a quarter on pre-Covid levels, according to data from payment services provider Worldline.
Well known food and beverage brands feature prominently in top 20 biggest advertising spenders, according to Nielsen Ad Intel.
Global dairy prices have hit a new record.
New Zealand exports of milk powder, butter, cheese, jumped 15% to $1.6bn in January when compared with the same month a year earlier.
Food and beverage sales volumes rose 12% in the December quarter as businesses came out of lockdown.
Consumers are shifting from the middle ground and becoming more adventurous.
New Zealand seed exports dipped 5% in 2021 compared with the prior year, to come in at $236m.
Producer input prices rose 1.1%, while producer output prices rose 1.4% in the December quarter, led by dairy and construction.
Half the industry has seen revenue plummet by more than 40% since NZ shifted to red, says Hospitality NZ.
Annual food prices rose in 5.9% with widespread increases seen in January.
Credit and debit card spending increased a seasonally adjusted 2.1% or $175m in January, compared with December, according to Stats NZ.
Restaurants are reporting a near 60% overall decline in revenues since the Covid-19 pandemic began.
New Zealand’s 2022 apple and pear crop is predicted to reach 601,000 tonnes – inline with expectations – although Omicron, supply chain and labour shortage issues continue to plague the sector.
New Zealand’s red meat exports reached $10bn in 2021 despite Covid challenges and some softening in the major China market, says the Meat Industry Association.
More than 232,000 jobs are dependent on New Zealand’s hospitality sector, 137,000 of them directly, according to a new report.
The monthly value of goods exported in October 2021 rose to $5.3bn in October 2021, up 12% compared with the same month last year, according to Stats NZ.
There’s an F&B leader at the top of IRI’s latest list of FMCG manufacturers.
Auckland retail spending has rebounded to top pre-Delta levels after Covid restrictions eased across the region, according to Bank of New Zealand.
In a future where every moment of a crop’s lifecycle and detailed records of what moves on and off supermarket shelves is collected and collated, how do we ensure these systems meet ethical standards?
A 322% increase in the sale of zero-alcohol beer was seen in the span of a year from June 2020-June 2021, according to the NZ Alcohol Beverages Council.
Food prices eased marginally in October however the annual growth rate was well-above the long-term average, says Stats NZ.
New Zealand exports to the UK could increase by 40% with food and beverage the big winners, according to ANZ research.
New Zealanders spent 9.5% more on their credit and debit card in October 2021 than in September as Covid-19 alert levels eased across large parts of the country, however the increase did not benefit the grocery sector, according to Stats NZ.
Greenhouse gas emissions from agriculture, fishing, and forestry for the June 2021 quarter was flat at 9,069 kilotonnes, just 0.9% up on the same period last year.
New Zealand’s meat and wine exports have enjoyed a strong September 2021 quarter with the value of the former surging.
Seasonally adjusted food prices were up 0.9% on the month prior in September as higher priced chicken and eggs came home to roost.
The easing of Covid-19 alert levels everywhere apart from Auckland saw retail card spending edge up 0.9% or $45m compared with August to hit $5.15bn, according to Stats NZ.
Food exports were strong in H1 but it’s an uneven recovery from Covid for infant formula, cherries and some seafood.
Nationwide average retail spending was down by at least 15% in August and down by 16% in September, according to Retail New Zealand’s latest Retail Radar report.
Card spending across the country rebounded to just 5% below pre-lockdown levels in the week to Tuesday 28 September – the first full week of Covid-19 alert level 3.
Digital disruption is bringing massive change to retail, with the tracking of food an important driver, says a new report from the bank.
Food prices rose for the fifth consecutive month in August mainly due to higher prices for meat, poultry and fish, and restaurant meals and ready-to-eat food, according to Stats NZ.
Retail card spending in New Zealand fell 19.8% in August compared with July reflecting reduced spending as the country went into lockdown mid-month, according to Stats NZ.
A three year project to rebuild FSNI’s supply chain was delivered just in time for Delta, and sets the co-op up for an increasingly digital future.
Fonterra, Zespri, and Foodstuffs are heavyweights in NZ’s top 30 co-operative rankings.
The amount of money flowing through retailers tills fell by more than a third following the start of the a snap lockdown in mid August, with alert level trading restrictions dictating the winners and losers of the stay-at-home orders.
Export prices for goods rose 8.3% on the previous quarter in the three months to June 2021, while import prices rose 4.8%, according to Stats NZ.
New Zealand exported red meat and co-products worth $870m during July 2021 – a 29% increase on the same month last year, according to the latest analysis from the Meat Industry Association.
The increase in spending on food was second only to IT equipment and software after the country went into its snap lockdown in mid-August.
Pricing for New Zealand beef remains strong despite turbulence in global beef markets, according to Rabobank’s latest Global Beef Quarterly report.
Exports of fish, crustaceans, and molluscs were up $35m or 29% in July to reach $155m, according to Stats NZ.
Food and beverage services sales topped $3.38bn in June 2021 quarter, according to Stats NZ’s latest retail trade survey.
Food prices rose 1.3% in July compared with the previous month, mainly influenced by fruit and vege price hikes.
New Zealanders spent $77m – or 0.9% – more using their credit and debit cards in July 2021 compared with the previous month, Stats NZ said today, with total card spending hitting $8.53bn.
The value of NZ exports continues to climb hitting a new high of $6bn in June this year.
Capsicum prices jumped 27% to a weighted average price of $24.16 per kilogram, an all-time high.
Supermarkets saw the biggest rise in Kiwi spending in June 2021 as wild weather drove people to stock up and stay indoors, according to Stats NZ.
New Zealand exported red meat and co-products worth $877m during May, according to the latest analysis from the Meat Industry Association.
Core retail spend has been consistently above 2019 and 2020 in recent months coming in at $10.9bn in the June quarter, according to Paymark.
Fonterra’s New Zealand milk collection for May 2021 was 75.3 million kgMS, 7.7% higher than the same month last year.
The US is likely to remain the largest market for wine and beef exporters over the coming 12 months, according to NZUS Council.
Gross domestic product rose by 1.6% in the March 2021 quarter, with increased spending on eating out, accommodation and big ticket items.
Food price rose 0.4% in May compared with the month prior when rising prices for tomatoes and cucumbers contributed to a 1.1% jump, according to Stats NZ.
Seasonally adjusted card spending rose by $189m or 2.3% between April 2021 and May 2021, with consumables rising 40%.
Manufacturing sales volumes reached a record peak of $27bn in the March quarter, up 0.4% or $113m from the December 2020 quarter, according to Stats NZ.
Beef + Lamb New Zealand has reported strong growth and increased demand for grass-fed, pasture-raised beef and lamb in the US.
New Zealand red meat exports remained steady in April with a total of $863m worth of meat and co-products exported to global markets, according to the latest analysis from MIA.
Total exports of goods and services fell $14.3bn or 16.5%, to $72.6bn in the year ending March 2021, as visibility of the full Covid-19 affected year emerged, according to Stats NZ.
Increased volatility and global supply chain disruption are dogging exports to the US, but strong demand for NZ products including beef and wine are supporting long-term growth.
In April 2021, the value of total goods exports rose 1.2% or $65m compared with April 2020, to $5.4bn.
Higher retail spending on electronic items and outdoor recreational goods this summer helped boost overall spending in the March 2021 quarter, according to Stats NZ.
Rising prices for tomatoes and cucumbers were the main contributors to a 1.1% rise in food prices in April 2021, according to Stats NZ.
More than 60% of food industry executives did not have an adequate plan to deal with the impacts of Covid-19, says a new US-based study.
Spending at supermarkets and grocery stores contracted in April falling $278m on the same time last year to $1.8bn, according to Stats NZ .
The total canopy area of gold kiwifruit has now surpassed that of the green variety, according to final agricultural production figures from Stats NZ.
The number of sheep in New Zealand in June 2020 was 26 million, down 3% on the same month in 2019, according to final agricultural production figures from Stats NZ.
Spending over the Easter period more than doubled compared to the same period of last year, although growth in the North Island outstripped the South Island.
A strategy is in the pipeline to help accelerate an already-booming industry.
Spending on grocery and liquor in March was down 3.3%, or $74m, from February 2021 levels, according to Stats NZ.
From spring water chiefs to supermarket dynasties – the annual rankings are a smorgasboard of F&B billionaires.
New Zealand red meat exports for February 2021 reached $906.7m, says the Meat Industry Association.
The bank described the December 2020 quarter results as a tale of two islands as the north continued to outperform the south.
Jobs in the accommodation and food services sectors were down 5.4% for February 2021.
Restaurant meals and foods such as Thai and Indian helped lift prices in Feb but it was the slowest growth for 18 months.
Spending on food fell in February 2021 due to Covid-19 restrictions, says Stats NZ.
Dairy and meat product manufacturing fell 3.2% to $288m in the December 2020 quarter, says Stats NZ.
New Zealand’s red meat exports fell to $743.3m in January 2021, a 14% drop on compared to the same month a year ago.
The number of vineyard sales almost doubled compared to 2019, says the agent.
There was a substantial increase in the amount of alcohol on the shelves in the second half of 2020, according to Stats NZ.
Last year’s record wine result was in contrast to falls in each of the previous two years.
It was the fifth consecutive month where dairy exports were less than the corresponding month a year ago.
Stats NZ says NZ meat exporters were selling more for less.
Researchers are calling for the government to intervene, and say industry pledges are not enough.
Did a global pandemic end Nestlé’s reign at the top of the international F&B power list?
The new research found leftovers to be the most common food item being thrown out.
NZ’s food is still highly sought around the world, says MPI director-general Ray Smith.
As air freight costs soared due to Covid-19 border closures, so did the price of exporting.
Nationwide sales for the hospitality industry fell to $1.7bn in the second quarter of 2020, down 40% on the same period last year.
Retail card spending was stable in November rising just 1.4% or $85m to $6.25bn.
Dairy and meat product manufacturing volumes, and wholesale grocery and liquor value saw huge lifts in the Sept quarter.
Both dairy and meat exports have taken a dive in the September quarter.
The industry supported more than 7000 jobs and paid $470m in annual wages, says NZIER.
The likes of Pic’s Peanut Butter and Whittakers have taken the top spots.
Some dairy products were down $198m.
NZ’s retail sector is on the road to recovery, according to the latest figures from Stats NZ.
Gains made in the March and June quarters have been impacted by the fall.
The department says prices tend to fall in October as fruit and vegetables follow seasonal trend.
Supermarket and grocery store spending in October 2020 increased by $137m, or 7.8%, compared to the same month last year.
Eight million punnets of blueberries were eaten by New Zealanders last year.
The Meat Industry Association says a decline in China prompted a “re-balancing” to other export markets.
Fonterra released its Global Dairy Update last week with the latest data.
The value of New Zealand’s dairy product exports in September 2020 fell from the same month in 2019.
New Zealand wine exports continue to perform strongly, increasing by 10.7% in the eight months to August.
Higher vegetable prices have contributed to a 0.7% increase in the Consumers Price Index (CPI.
New research suggests women are under-represented in, and even prevented from, aspiring to higher levels of business in the industry.
Covid-19 has driven the price of tomatoes to an all-time high, according to Stats NZ.