Food prices eased marginally in October however the annual growth rate was well-above the long-term average, says Stats NZ.
The meal kit company says it raised prices this month to offset increased ingredients and labour costs.
More stores? Yes. Smashing NZ’s supermarket duopoly? Not us, says the new entrant’s co-founder, Chris Fisher.
Seasonally adjusted food prices were up 0.9% on the month prior in September as higher priced chicken and eggs came home to roost.
Global food prices are creeping towards record highs due to a combination of fuel prices, bad weather and Covid-19, according to University of Warwick global sustainable development
The Commerce Commission has received an application from the New Zealand Tegel Growers Association seeking authorisation for collective bargaining with Tegel Foods.
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.
Fonterra’s calculation of the base milk price it will pay farmers in the 2020/21 dairy season is consistent with the Dairy Industry Restructuring Act (DIRA), says the Commerce Commission.
Food prices rose 1.3% in July compared with the previous month, mainly influenced by fruit and vege price hikes.
New Zealand’s largest poultry supplier Tegel is raising chicken prices from mid-August.
Inflation for the all households group, as measured by the household living-costs price indexes was 1.1% in the June 2021 quarter.
Capsicum prices jumped 27% to a weighted average price of $24.16 per kilogram, an all-time high.
Rural areas have done well but the year ahead may not be so rosy for some growers, says the bank.
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.
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.
Rabobank has hiked its farmgate milk price forecast by 60 cents to $7.60 kg/MS for the 2020/21 season.
Food prices were flat in March 2021, falling 0.4% compared to February 2021, according to Stats NZ.
The results of survey will feed into ComCom’s probe of the country’s $21bn grocery sector.
Restaurant meals and foods such as Thai and Indian helped lift prices in Feb but it was the slowest growth for 18 months.
The high cost of producing milk in China had favoured importing New Zealand dairy products.
Dairy and meat product manufacturing fell 3.2% to $288m in the December 2020 quarter, says Stats NZ.
Fonterra has lifted its 2020/21 farmgate milk price range forecast for the second time in two months.
Rising prices for venison in Europe will help boost the market, says Deer Industry NZ.
Lower demand for red meat is set to put pressure on prices, says agribusiness bankers Rabobank.
Gains made in the March and June quarters have been impacted by the fall.
The Commerce Commission will conduct the investigation to see if Kiwis are paying more than they should be.
The department says prices tend to fall in October as fruit and vegetables follow seasonal trend.
Higher vegetable prices have contributed to a 0.7% increase in the Consumers Price Index (CPI.
A refreshing glimpse into past and present consumer trends reveals the food products Kiwis loved buying in a Stats NZ infographic.
