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.