Consumer spending patterns were mixed in the first full week of December, with pre-Christmas shopping up for food and liquor, but down across most other retail sectors, says Worldline New Zealand.
World food commodity prices were broadly stable in November, with lower international cereal quotations offset by higher prices of vegetable oils, says the Food and Agriculture Organization of the United Nations.
Cattle numbers fell in the year to June 2023 but the amount of wheat and barley area harvested increased, according to Stats NZ’s latest agricultural production statistics.
Zespri says it expects record kiwifruit per tray returns for its Green, Organic Green and RubyRed for the 2023-24 season.
New Zealand exported $15bn worth of goods in the September 2023 quarter, down 14% compared to the same period a year earlier.
The number of filled jobs in accommodation and food services rose by 5.1% in October 2023, compared to the same month last year, according to Stats NZ.
Black Friday in-store retail sales were again popular in 2023, but spending was down on last year, both on the day and over the seven-day period, according to Worldline New Zealand.
Sales volumes as supermarket and grocery stores lifted 1.7% to $6.68bn in the September 2023 quarter compared with the June 2023 quarter, according to Stats NZ’s latest retail trade survey.
Milk powder, butter, and cheese led goods exports down $552m or 9.3% to $5.4bn in October 2023 compared to the same month last year, according to Stats NZ’s overseas merchandise trade statistics.
The number of NPD launches may be slowing but innovation is working harder for NZ’s top food manufacturers, with value growth on the rise.
A difficult trading environment leads to changes in the ranks, with alcohol and tobacco specialists losing ground.
Food and beverage deals help lift overall activity to be “better than expected” for the period.
Foodstuffs’ price rises have fallen below supplier increases on the same product categories measured in the Food Price Index, after being higher than them for six months.
The increase in annual and monthly food prices continues to slow, with the latter coming in negative for the second month in a row, according to Stats NZ.
But costs remain stubbornly high, especially for grocery items like noodles, potato chips, and cooking oils.
The number of filled jobs in accommodation and food services rose by 9,075 or 6% in September compared with the same month a year earlier.
Stats NZ will provide more in-depth monthly inflation data on categories such as alcoholic beverages, fuel and travel.
Inflation means more dollars spent at supermarkets, but some categories are losing out.
The Consumer Price Index rose 1.8% in the three months to September 2023, with a surge in petrol prices and the end of reduced fuel taxes contributing to the increase, according to StatsNZ.
New Zealand’s horticulture exports slimmed down to $4.65bn in the year to June 2023, according to a revamped Fresh Facts 2023, although kiwifruit and apples still lead the charge.
Westpac is forecasting the September 2023 quarter’s Consumer Price Index will ease slightly given lower than expected vegetable price rises.
The average salary in hospitality and tourism totalled $61,607 in Q3 2023, up 8% from the same period last year, according to data from Trade Me Jobs.
The value of New Zealand red meat exports in August 2023 fell 16% on the same month last year as demand from China softened, according to the Meat Industry Association.
The flow of dollars through supermarket tills continues to grow, with demand for staples and ‘fakeaways’ increasing.
Manufacturing has overtaken agriculture, forestry, and fishing industry as the industry with the highest incidence rate of work-related claims, according to new data from Stats NZ.
Goods exports increased $773m to $18.2b in the June 2023 quarter driven by dairy products, meat, and fish, according to Stats NZ’s latest balance of payments data.
Fruit and vegetables such as grapes, tomatoes, cucumbers, and nectarines contributed to a rise in monthly prices in August, after a contraction in July.
The recent monthly supplier price increase trend – driven by frozen in August – could be the harbinger of a ‘new normal’ when it comes to food pricing, according to Infometrics.
There is only one area where New Zealanders plan to increase their spending in the short term and that is groceries, according to Tony Alexander’s latest spending plans survey.
Māori authorities exported $760m worth of goods in 2022, a fall of 13% compared with 2021, according to that latest data from Stats NZ.
Almost all of the top grocery retail executives canvassed believe private label will be a major and growing source of revenue.
New Zealand red meat exports were $807m in July 2023, down 24% on a record July 2022 that was boosted by a post-Covid catch-up, according to analysis by the Meat Industry Association.
Insolvencies are up almost 70% compared with the same time last year, with manufacturing, retail trade and construction faring the worst, according to BWA Insolvency.
Persistent price inflation continues to push up the number of dollars flowing through supermarket tills.
New Zealand’s food and fibre export earnings have been upgraded to a new record of $57.4bn.
The value of goods exported by New Zealand slumped 14% or $890m in July 2023 with dairy, meat and infant milk formula all heading sharply south, according to Stats NZ.
Annual food prices are still moving up but monthly growth turns negative for the first time since 2021, with avocados, oranges and tomatoes helping the cause.
Bakery saw the largest month-on-month increase in costs in July, which saw a spike in monthly price hikes by suppliers as input pressures persist.
Wage cost inflation, as measured by the labour cost index (LCI), remained at 4.3% in the year to the June 2023 quarter, according to Stats NZ.
The cost of living for the average household increased by 7.2% in the 12 months to June 2023, according to Stats NZ.
Exports of milk powder, butter and cheese rose to $1.77bn in June 2023, up 11% compared to the same month in 2022.
Inflation remains a key driver of value growth with supermarket spend jumping nearly 15% in two years.
Food was the largest contributor to the June 2023 annual inflation rate, which has come down from the eye-watering rates of last year, but is still high.
Annual food prices inflation is climbing again, rising to 12.5% in June 2023 after a month of floating closer to 12%.
Foodstuffs’ price increases were ahead of supplier increases on the same product categories measured in the Food Price Index in June for the third month running.
Bakery costs rose the most month-on-month, with larger rises than previously reported in chilled foods and grocery too, according to Infometrics.
Cheese exports rose $763m or 35% in the 12 months to May 2023, compared with the previous year reaching $3bn, according to Stats NZ.
Inflation continues to push up the number of dollars flowing through supermarket tills, with confectionery and yoghurt and dairy desserts in a sweet spot for unit growth.
The main drivers of food price inflation may have peaked, according to Foodstuffs North Island boss Chris Quin.
Food price inflation remains above 12% in May, although dips away from April’s high of 12.5%.
Card spending in the hospitality industry rose to $1.18bn in May 2023, up 7.6% compared with the same month last year, according to Stats NZ.
The number of filled jobs in accommodation and food services rose by 17,138 in April 2023, up 12.2% on the same month last year.
The total volume of actual retail sales fell 4.1% in the March 2023 quarter, compared with the March 2022 quarter, according to Stats NZ today.
There are fewer dairy cattle, sheep, and deer in New Zealand’s paddocks, according to the final results of the five-yearly Agricultural Production Census 2022 from Stats NZ.
Federated Farmers has reported a 7% increase in the average yield across six milling/malting and feed cereal crops last season, despite challenging weather conditions.
Rising grocery prices, especially for potato chips, eggs, and yoghurt six-packs, continue to fuel annual food price inflation.
“There are some signs emerging of less intense cost increases filtering through the system,” Infometrics’ Brad Olsen says, as April GSCI comes in at 10%.
There has been a 165% increase in the number of people receiving food support since Covid-19 hit, according to a survey by the New Zealand Food Network.
Easter temporarily reversed the inflationary trend of more dollars being spent buying fewer items, as unit sales flipped into growth, albeit at a subdued level.
The seasonally adjusted unemployment rate was 3.4% in the March 2023 quarter, unchanged from last quarter, according to figures released by Stats NZ.
Food and housing costs were the main drivers of inflation for all household groups, according to Stats NZ.
The number of filled jobs in the accommodation and food services sector reached 18,101 in March 2023, up 12.9% on the same month last year, according to Stats NZ.
Goods exports rose $40m or 0.6% to $6.5bn in March, compared with the same month last year, led by a big jump in preparations of cereals, flour, starch, and milk including infant formula.
Rising food prices are the biggest contributor to the 1.2% quarterly rise, with grocery and fruit and vegetables the main category culprits.
Annual food price inflation hits a new high for the cycle, fuelled by grocery food items such as crisps, eggs and yoghurt six-packs.
Cost increases from suppliers to Foodstuffs supermarkets continued to be elevated in March 2023, marking the sixth straight month of double-digit results.
Retail card spending rose 0.7% in the March 2023 month compared with February 2023, when adjusted for seasonal effects, according to Stats NZ.
Fonterra, Frucor, and Woolworths NZ are amongst the food companies committed to increasing transparency around pay gaps.
Cash-strapped consumers sought affordable indulgence from confectionery, which posted double-digit value and unit growth.
Seasonally adjusted greenhouse gas emissions fell by 696 kilotonnes in the September 2022 quarter, which equated to a 3.5% reduction compared to the same period a year earlier.
A deterioration in global economic conditions saw New Zealand’s red meat exports drop by almost a fifth in February, with volumes to the UK sinking to a 35-year low.
Gross domestic product (GDP) fell 0.6% in the December 2022 quarter, following a 1.7% rise in the September 2022 quarter, according to quarterly figures released by Stats NZ.
The impact of extreme weather on the fresh category starts to show, with the price of tomatoes jumping 117%.
“Domestic inflation pressures have not eased substantially yet, and weather-related disruptions will only reinforce some of the pressures already in the system,” says Infometrics as supplier costs rise again in February.
The first month of the year saw New Zealand red meat exports value drop 7% compared with January last year, even as the total volumes of red meat exports to all countries increased.
Retail card spending remained flat at $6.6bn in February 2023 – the same as January 2023, when adjusted for seasonal effects – according to Stats NZ.
February’s extreme weather events had a major influence on consumer spending in affected regions across the month, according to figures released today by Worldline NZ.
Consumers shopping for cyclone emergency supplies pushed batteries, water, and shelf-stable fruit into the fastest-growing value categories.
Goods and services exports for the December 2022 quarter totalled $24.7bn, up from $20.5bn in the December 2021 quarter, according to Stats NZ’s quarterly international trade statistics.
Retail sales in food and beverage services reached $2.79bn in the December 2022 quarter, a 13.9% increase for the same quarter in 2021 and 2.42% above pre-Covid 2019, according to Stats NZ.
New data from StatsNZ show the rise and rise in the availability of spirits, and which beer ABVs are being pushed the most.
Eggs took the fastest top 20 category growth spot, driven by price rises of 27%.
New Zealand’s goods exports rose to $5.5bn in January 2023, up 14% compared to the same month last year, according to Stats NZ.
Consumers raced to supermarket aisles last week to stock up on emergency essentials – and some non essentials – ahead of Cyclone Gabrielle, according to data from IRI.
0% products are expected to spearhead future growth, accounting for over 90% of the forecast total category volume growth, according to IWSR.
The first Food Price Index of 2023 is in, showing a slight cool-down from the record heights of last year albeit that double-digit inflation is continuing.
“Although it seems like there is potential for supplier cost increases to have plateaued, we’re not certain about the change in trend yet,” Brad Olsen says.
Global food prices dropped for the tenth consecutive month in January, according to the Food and Agriculture Organization of the United Nations (FAO).
The total value of New Zealand seed exports for the calendar year 2022 totalled $221m, down 9% on the previous year, according to data issued by Stats NZ this week.
The stormy weather that occurred across the North Island led to a drop in consumer spending in several regions but a weakening pattern suggests wider economic factors are also at play, according to Worldline New Zealand.
The New Zealand brewing industry turned in sales of $3.3bn in the year to September 2022, up by $500,000 on the year prior, according to research from the New Zealand Institute of Economic Research.
The cost of living for the average household, as measured by the household living-costs price indexes (HLPIs), increased by 8.2% in the 12 months to December 2022, according to Stats NZ.
The unemployment rate rose ever slightly to 3.4% in the December quarter, according to the latest figures from Stats NZ.
Dairy and meat led value growth in 2022 and apple exports also grew, despite overall fruit falling.
Dairy, confectionery and pet were some of the winners in the insight firm’s NZ grocery rankings, while the cycling of 2021’s lockdowns saw beverages suffer.
The closing weeks of 2022 saw some eyewatering numbers coming from food, with the amount spent on groceries in December up 10.2% on a year earlier and a huge 17.1% up on 2020.
The Consumer Price Index was steady in the December 2022 quarter at 7.2%, with housing and household utilities the largest contributors.
Cheese, eggs and potato chips were behind the 32-year record annual food price increase in December, according to Stats NZ.
Retail card spending fell $166m or 2.5% in December 2022 compared with November 2022, when adjusted for seasonal effects, according to Stats NZ said today.
There has been a sharp deterioration in business sentiment and activity, according to the latest NZIER Quarterly Survey of Business Opinion.
Salaries in the hospitality and tourism sector have risen 9% year-on-year, according to new data from Trade Me Jobs.
The impact of the summer cost change moratorium on the December index means it is not yet clear if cost pressures will ease in 2023, according to Infometrics.
Gross domestic product rose by 2% in the September 2022 quarter compared with Q2, according to Stats NZ, and it was accompanied by a revision upwards for the June 2022 quarter from 1.7% to 1.9%.
Some 69% of New Zealand consumers are planning on visiting a hospitality venue in December, according to the latest consumer research from CGA by NielsenIQ.
Consumer spending through core retail merchants in Worldline New Zealand’s payments network, excluding hospitality, reached nearly $814m in the week ending Saturday 10 December 2022.
Increasing prices for cheddar cheese, yoghurt, and standard two-litre milk were the largest drivers within grocery food, says Stats NZ.
Consumers are planning to spend less across the board apart from on groceries, according to the latest research from economist Tony Alexander.
“Recent acceleration in the costs of less volatile items like general grocery goods reinforces pervasive cost pressures,” according to Infometrics’ Brad Olsen.
Spending on hospitality had the largest increase, up $368m or 43.6%, compared with November last year.
The sector has out-preformed its pre-pandemic numbers, according to the Restaurant Association.
Total exports of goods and services for the September 2022 quarter increased to $22.2bn, up from $17.7bn in the September 2021 quarter, according to Stats NZ.
Visits to the on premise channel were stable in November, but the frequency of visitation was increasing according to CGA’s latest Consumer Pulse report powered by NielsenIQ.
Red meat exports for October 2022 were worth $737m, a 6% increase on the same month last year, according to the Meat Industry Association.
Black Friday spending was down on last year, offering a cautionary note ahead of the expected busier Christmas shopping period to come, according to payments service company Worldline.
Subscribe now to enjoy unlimited access to Food Ticker, New Zealand’s new food and beverage industry trade daily. Thank you for visiting Food Ticker. Click here for our subscription packages. We MORE »
The latest four-week period in IRI’s November Grocery Monthly Overview gives yet another angle on the effects of rampant inflation on food prices.
Price increases for dairy has helped boost New Zealand’s export values for October according to the latest overseas merchandise trade report from Stats NZ.
Annual food price inflation has jumped to hit double digits in October and set a 14-year high, according to Stats NZ.
There’s an F&B leader at the top of IRI’s latest rankings of FMCG manufacturers.
High global prices continue to drive export growth for New Zealand red meat with the September value coming in at $777m – a 21% increase on last year, according to analysis by the Meat Industry Association.
Supplier prices were 10% higher in October than the same time last year, with the largest number of items in five years going up in price.
Payments platform Worldline NZ says consumer spending through core retail merchants in its network, excluding hospitality, was up 16.1% on pre-Covid levels to hit $3.13bn in October.
A bumper September was one of the drivers behind an new al-time high in New Zealand annual wine exports.
Increasing food price were one of two main contributors to a jump in household inflation, according to Stats NZ.
Online job advertisements for hospitality roles are growing faster than any other sector as demand for labour remains high.
Goods exports jumped 37% or $1.6bn to $6bn in September 2022, compared with September 2021, according to the government’s latest Overseas merchandise trade statistics.
In an era of rampant food price increases, Stats NZ’s monthly Food Price Inflation index often contains a sweeping reference to a hike in grocery prices, while naming a few products behind the latest movement.
Tomatoes, lettuce and broccoli drove the highest quarterly rise in vegetable prices since Stats NZ started the data series in September 1999.
The increasing price of two-minute noodles was one of the drivers of a 7.7% annual rise in the grocery category in September.
Retail card spending rose 1.4% in September 2022, when adjusted for seasonal effects, Stats NZ said.
Global food prices have tracked down for the sixth month in a row, according to the United Nation’s food agency Food Price Index.
In September this year, the cost of more than 5,400 products went up – almost double the number in September 2019.
Consumer spending through Worldline New Zealand’s payments network was $2.92bn in August 2022, up 16% on the same month last year, excluding hospitality.
The latest figures are a reminder of where we were this time last year – still battling Covid outbreaks and in the early days of a sustained period of food price inflation.
Gross domestic product rose by 1.7% in the June 2022 quarter, following a 0.2% fall in the preceding March quarter, Stats NZ said.
Retail card spending rose $55m or 0.9% in August 2022 compared with July, when adjusted for seasonal effects, according to Stats NZ.
Price increases hit a new peak in the current upward cycle, which has now been running for 17 months.
Countdown has for the first time shared a monthly average for the cost increases requested by suppliers following requests for rises of up to 72% in August 2022.
Price rises across dairy commodities drove an annual increase in the value of exports for dairy products, according to Stats NZ.
Produce and chilled see the steepest monthly increases, according to the Infometrics – Foodstuffs NZ Grocery Supplier Cost Index.
Consumer spending through Worldline New Zealand’s payments network was $2.83bn in August 2022, up 14% on the same month last year, excluding hospitality.
Agriculture, forestry, and fishing accounted for 61% of total industry CO2-e emissions in 2021
Infometrics has released a graph illustrating how grocery supplier cost increases have been accelerating over the last year.
The easing of border restrictions has contributed to sales volume growth in the accommodation sector of almost $71.3m, an 11% rise between the March and June 2022 quarters, according to Stats NZ.
Craft brewers increased production by 7.6% compared with the previous three months, the industry average for actual production time remains just 45%, according to new research.
Kiwis spent $16.9bn in supermarkets in the past year but inflation and unit trends means fewer groceries in the basket
Producer input and output prices were up again in the June 2022 quarter, according to Stats NZ, with farm expenses were at the highest level measured in the series going back to 1993.
Annual food price inflation has breached the 7% mark for the second time this year – just the second time in a decade – with the latest data showing food prices 7.4% higher in July this year than last.
Electronic card spending in the hospitality industry reached $1.9bn during July 2022, up from almost $1.1bn in the preceding month of June, according to Stats NZ data.
Cost of living concerns impact spending sentiment with consumers planning to cut back on most purchases.
A list of the top food and beverage categories in which private label sales have gained the most momentum over the past year – and those where sales have contracted – reveal some surprising results.
A new index commissioned by the co-operative and produced by the economic consultancy shows the climbing cost of groceries sold by suppliers.
Red meat exports in June were 15% higher than last year at $1.1bn largely driven by pricier beef to China, according to an analysis by the Meat Industry Association.
Consumer spend is improving in merchant groups including convenience stores and takeaway merchants, but it still remains below pre-Covid levels, according to Worldline.
Grocery spend continues to grow, driven by a 30-year inflation high, with the latest IRI data illustrating the ‘spend-more-get-less’ theme and a move to private label.
Rising inflation and continuing supply chain challenges are leading to surging demand for private label products with value and convenience driving growth.
Grocery prices continue to climb and are now 7.6% higher than this time last year, with milk, potato crisps and yoghurt notably more expensive.
Electronic card spending in the hospitality industry fell to $3.3bn in the June 2022 quarter, down around $120m from the $3.4bn recorded for the same period last year.
On-premise visitation is stabilising as Covid-19 restrictions dissipate but cost-of-living concerns are on the rise, according to a survey from CGA.
It’s the second month in a row of negative unit sales even with inflation pushing more dollars through tills.
Job advertisements for hospitality and tourism roles have jumped 14% in May 2022, compared to April, according to SEEK New Zealand.
Food price inflation is back to where it was in February – a decade long record at the time – as groceries push the index up.
Hospitality revenues are starting to recover, with the gap narrowing in May compared with April, according to the latest monthly statistics from the Restaurant Association.
The amount of money passing through grocery tills was up again in May, although fewer goods were sold and private label sales gained market share as consumers took action on inflation, according to IRI.
New Zealand red meat exports hit a record $999.6m in April, up 16% on the same time last year according to the Meat Industry Association, which warned ongoing volatility in China indicates head winds in the coming months.
New Zealand’s primary sector contributed the most to the country’s total emissions in 2020, coming in at 55%, but it added the smallest amount to GDP at 6.5%, according to data from Stats NZ.
The volume of retail sales was flat in the March 2022 quarter, following a strong increase in the December 2021 quarter, according to Stats NZ.
Exports were up 17% compared with April last year, according to Stats NZ, with food commodities performing strongly.
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.
Subscribe now to enjoy unlimited access to Food Ticker, New Zealand’s new food and beverage industry trade daily. Thank you for visiting Food Ticker. Click here for our subscription packages. We 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.