Almost all F&B manufacturers plan to put up prices to combat rising costs, according to a survey by IRI and the NZFGC.
Foodstuffs moves to promote Pak’nSave quality as the battle for consumer dollars heats up.
The supermarket co-op says cost increases from suppliers also grew by almost 7%.
The government has no plan to address increasing food prices with families continue to suffer, says the National Party’s finance spokesperson, Nicola Willis.
Food price inflation is back to where it was in February – a decade long record at the time – as groceries push the index up.
Feedback is sought on issues including which retailers should be subject to unit pricing, how said pricing should be displayed and what products should be exempt.
Supermarkets’ take an image hit during a year in which the $22bn duopoly-dominated sector was in the spotlight.
Rabobank has forecast a farmgate milk price of $9.00kg/MS for the 2022/23 dairy season, with a ‘fog of uncertainty’ clouding demand.
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.
Fruit a vegetable prices were up 18% in last month’s FPI, but the pan-produce organisation said this should ease.
The Great Price Winter Freeze takes in mostly private label items, with a handful of independent brands, but what will happen if costs go up?
The value of total good exports rose strongly in March 2022, driven by increases in dairy products, beef, and aluminium.
Research shows the innate cognitive bias shoppers have towards focusing on price, no matter what.
Finance minister Grant Robertson has underlined the government’s commitment to boost competition following a 30-year high in inflation.
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.
People must consider the impact cheap food has on the environment and whether there are better ways to help struggling families.
Minister David Clark feels the heat from surging food prices and says he has not ruled out going further than ComCom’s grocery market recommendations.
Fruit and vegetable prices jumped 18% over the year with meat, poultry, and fish prices up almost 9%.
The company said today’s update was outside of its usual cycle of January, May and September updates but there had been a significant increase in all global commodity prices.
Overpackaging and non-recyclable packaging is a top concern for New Zealanders, according to new research by Kantar.
The Māori Party has announced a policy to remove GST from all kai to ease the burden on households struggling through the cost of living crisis.
Vegetable prices will continue to surge ahead if the government doesn’t help growers find ways to lower costs, according to Horticulture New Zealand.
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 New Zealand has found massive price differences for Rapid Antigen Tests, ranging from $6.50 to $19 per test.
A Rabobank report on the beef sector says global demand will keep prices high, with a raft of challenges plaguing the sector.
Producer input prices rose 1.1%, while producer output prices rose 1.4% in the December quarter, led by dairy and construction.
The National Party says households are going backwards and pay packets are failing to keep up with the rising cost of food.
Annual food prices rose in 5.9% with widespread increases seen in January.
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.