Food Ticker
The Business of Food
and Beverage
 
Food Ticker
The Business of Food and Beverage

Tourism Ticker

Tourism Ticker
  News   Covid-19   Opinion
Tuesday 28 June 2022

Prices

Suppliers, prices and inflation – what’s in store according to IRI
23 Jun 2022   /

Suppliers, prices and inflation – what’s in store according to IRI

Almost all F&B manufacturers plan to put up prices to combat rising costs, according to a survey by IRI and the NZFGC.


Pak’nSave plugs quality as supermarkets manoeuvre in inflationary environment
23 Jun 2022   /

Pak’nSave plugs quality as supermarkets manoeuvre in inflationary environment

Foodstuffs moves to promote Pak’nSave quality as the battle for consumer dollars heats up.


Foodstuffs: Our price rises lower than FPI’s 6.8%
15 Jun 2022   /

Foodstuffs: Our price rises lower than FPI’s 6.8%

The supermarket co-op says cost increases from suppliers also grew by almost 7%.


Govt has no plan to tackle rising food prices – Nats
15 Jun 2022   /

Govt has no plan to tackle rising food prices – Nats

The government has no plan to address increasing food prices with families continue to suffer, says the National Party’s finance spokesperson, Nicola Willis.


FPI: Food price inflation creeps up again to 6.8%…
14 Jun 2022   /

FPI: Food price inflation creeps up again to 6.8%…

Food price inflation is back to where it was in February – a decade long record at the time – as groceries push the index up.


…as MBIE gets ball rolling on unit pricing
7 Jun 2022   /

…as MBIE gets ball rolling on unit pricing

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.


Trust in supermarkets “plummets” – Consumer NZ
27 May 2022   /

Trust in supermarkets “plummets” – Consumer NZ

Supermarkets’ take an image hit during a year in which the $22bn duopoly-dominated sector was in the spotlight.


Rabobank forecasts $9kg/ms farmgate milk price, but uncertainty continues
24 May 2022   /

Rabobank forecasts $9kg/ms farmgate milk price, but uncertainty continues

Rabobank has forecast a farmgate milk price of $9.00kg/MS for the 2022/23 dairy season, with a ‘fog of uncertainty’ clouding demand.


FPI – Annual food price increase eases to 6.4%
12 May 2022   /

FPI – Annual food price increase eases to 6.4%

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.


FPI pressure from veg to ease – United Fresh
11 May 2022   /

FPI pressure from veg to ease – United Fresh

Fruit a vegetable prices were up 18% in last month’s FPI, but the pan-produce organisation said this should ease.


Who is assuming the risk in Countdown’s winter price freeze?
6 May 2022   /

Who is assuming the risk in Countdown’s winter price freeze?

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?


Dairy, beef drive export growth due to higher prices
29 Apr 2022   /

Dairy, beef drive export growth due to higher prices

The value of total good exports rose strongly in March 2022, driven by increases in dairy products, beef, and aluminium.


Perspectives: Why getting less with ‘shrinkflation’ is preferable to paying more
26 Apr 2022   /

Perspectives: Why getting less with ‘shrinkflation’ is preferable to paying more

Research shows the innate cognitive bias shoppers have towards focusing on price, no matter what.


Robertson weighs in on supermarket competition
22 Apr 2022   /

Robertson weighs in on supermarket competition

Finance minister Grant Robertson has underlined the government’s commitment to boost competition following a 30-year high in inflation.


Annual inflation hits 6.9%, highest in 30 years
21 Apr 2022   /

Annual inflation hits 6.9%, highest in 30 years

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.


Perspectives: Cheaper food comes with other costs – why cutting GST isn’t the answer
20 Apr 2022   /

Perspectives: Cheaper food comes with other costs – why cutting GST isn’t the answer

People must consider the impact cheap food has on the environment and whether there are better ways to help struggling families.


Govt again threatens supermarket action as food prices surge
14 Apr 2022   /

Govt again threatens supermarket action as food prices surge

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.


FPI: Another decade-high jump at 7.6% for March year
13 Apr 2022  

FPI: Another decade-high jump at 7.6% for March year

Fruit and vegetable prices jumped 18% over the year with meat, poultry, and fish prices up almost 9%.


Rising prices prompts Synlait to lift forecast
24 Mar 2022  

Rising prices prompts Synlait to lift forecast

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 key concern for Kiwis…
24 Mar 2022   /

Overpackaging key concern for Kiwis…

Overpackaging and non-recyclable packaging is a top concern for New Zealanders, according to new research by Kantar.


Māori Party calls for GST removed from all kai
18 Mar 2022   /

Māori Party calls for GST removed from all kai

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.


Govt help needed to cool vege prices – HortNZ
17 Mar 2022   /

Govt help needed to cool vege prices – HortNZ

Vegetable prices will continue to surge ahead if the government doesn’t help growers find ways to lower costs, according to Horticulture New Zealand.


Price hikes, Omicron push Feb grocery sales to $1.3bn – IRI
14 Mar 2022   /

Price hikes, Omicron push Feb grocery sales to $1.3bn – IRI

IRI’s Grocery Market Overview attributes price rises as the major driver behind February’s 5.8% increase in sales value.


FPI: Food price hike highest in over a decade
11 Mar 2022   /

FPI: Food price hike highest in over a decade

Food prices continue their upward trajectory, with fruit and vegetables jumping 17% on a year ago.


Consumer NZ puts RAT prices under microscope
3 Mar 2022   /

Consumer NZ puts RAT prices under microscope

Consumer New Zealand has found massive price differences for Rapid Antigen Tests, ranging from $6.50 to $19 per test.


Strong demand means strong prices for beef – Rabobank
3 Mar 2022   /

Strong demand means strong prices for beef – Rabobank

A Rabobank report on the beef sector says global demand will keep prices high, with a raft of challenges plaguing the sector.


Producer prices rise in December quarter
21 Feb 2022   /

Producer prices rise in December quarter

Producer input prices rose 1.1%, while producer output prices rose 1.4% in the December quarter, led by dairy and construction.


Nats highlight food inflation, urge govt cuts
15 Feb 2022   /

Nats highlight food inflation, urge govt cuts

The National Party says households are going backwards and pay packets are failing to keep up with the rising cost of food.


Annual food price rise highest in over a decade
14 Feb 2022   /

Annual food price rise highest in over a decade

Annual food prices rose in 5.9% with widespread increases seen in January.


FPI: Food prices fall for first time since Feb
11 Nov 2021   /

FPI: Food prices fall for first time since Feb

Food prices eased marginally in October however the annual growth rate was well-above the long-term average, says Stats NZ.


My Food Bag sales up, but so are costs
18 Oct 2021  

My Food Bag sales up, but so are costs

The meal kit company says it raised prices this month to offset increased ingredients and labour costs.


“We are not the third player” – Four Candles’ MD on new grocery banner’s plans
14 Oct 2021   /

“We are not the third player” – Four Candles’ MD on new grocery banner’s plans

More stores? Yes. Smashing NZ’s supermarket duopoly? Not us, says the new entrant’s co-founder, Chris Fisher.


Chicken and egg: FPI increases for sixth consecutive month
14 Oct 2021   /

Chicken and egg: FPI increases for sixth consecutive month

Seasonally adjusted food prices were up 0.9% on the month prior in September as higher priced chicken and eggs came home to roost.


Perspectives: Why global food prices are higher today than for most of modern history
29 Sep 2021  

Perspectives: Why global food prices are higher today than for most of modern history

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


TGA seeks collective bargaining clearance for Tegel growers
20 Sep 2021  

TGA seeks collective bargaining clearance for Tegel growers

The Commerce Commission has received an application from the New Zealand Tegel Growers Association seeking authorisation for collective bargaining with Tegel Foods.


Food prices rise for fifth consecutive month
13 Sep 2021   /

Food prices rise for fifth consecutive month

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.


ComCom approves Fonterra’s milk price forecast
17 Aug 2021   /

ComCom approves Fonterra’s milk price forecast

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.


Produce pushes July food prices up
13 Aug 2021   /

Produce pushes July food prices up

Food prices rose 1.3% in July compared with the previous month, mainly influenced by fruit and vege price hikes.


Tegel signals chicken price rise
10 Aug 2021   /

Tegel signals chicken price rise

New Zealand’s largest poultry supplier Tegel is raising chicken prices from mid-August.


Food contributes to quarterly inflation rise
28 Jul 2021  

Food contributes to quarterly inflation rise

Inflation for the all households group, as measured by the household living-costs price indexes was 1.1% in the June 2021 quarter.


Vegetable prices jump 15% – the sharpest rise in four years
13 Jul 2021   /

Vegetable prices jump 15% – the sharpest rise in four years

Capsicum prices jumped 27% to a weighted average price of $24.16 per kilogram, an all-time high.


Food producing regions strongest performers – Westpac
18 Jun 2021   /

Food producing regions strongest performers – Westpac

Rural areas have done well but the year ahead may not be so rosy for some growers, says the bank.


Non-alcoholic drinks biggest mover in May food prices
16 Jun 2021   /

Non-alcoholic drinks biggest mover in May food prices

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.


FPI: Produce pushes April food prices up 1.1%
14 May 2021  

FPI: Produce pushes April food prices up 1.1%

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 hikes milk price forecast, predicts bumper season
30 Apr 2021  

Rabobank hikes milk price forecast, predicts bumper season

Rabobank has hiked its farmgate milk price forecast by 60 cents to $7.60 kg/MS for the 2020/21 season.


Food prices flat in March – Stats NZ
16 Apr 2021  

Food prices flat in March – Stats NZ

Food prices were flat in March 2021, falling 0.4% compared to February 2021, according to Stats NZ.


Jaded shoppers take aim at supermarkets – Consumer NZ
9 Apr 2021  

Jaded shoppers take aim at supermarkets – Consumer NZ

The results of survey will feed into ComCom’s probe of the country’s $21bn grocery sector.


Food price inflation slows as value of meat, poultry, fish fall
12 Mar 2021  

Food price inflation slows as value of meat, poultry, fish fall

Restaurant meals and foods such as Thai and Indian helped lift prices in Feb but it was the slowest growth for 18 months.


High milk costs in China sees milk price jump 80c
12 Mar 2021   /

High milk costs in China sees milk price jump 80c

The high cost of producing milk in China had favoured importing New Zealand dairy products.


Falling prices suppress dairy, meat manufacturing
10 Mar 2021   /

Falling prices suppress dairy, meat manufacturing

Dairy and meat product manufacturing fell 3.2% to $288m in the December 2020 quarter, says Stats NZ.


Fonterra lifts farmgate forecast – again
9 Mar 2021  

Fonterra lifts farmgate forecast – again

Fonterra has lifted its 2020/21 farmgate milk price range forecast for the second time in two months.


Deer farmers can “bank” on positive chilled season – DINZ
2 Mar 2021   /

Deer farmers can “bank” on positive chilled season – DINZ

Rising prices for venison in Europe will help boost the market, says Deer Industry NZ.


Foodservice slowdown to hit demand for beef, lamb – report
24 Nov 2020  

Foodservice slowdown to hit demand for beef, lamb – report

Lower demand for red meat is set to put pressure on prices, says agribusiness bankers Rabobank.


Dairy producers pay falls 13% dip in Sept quarter – Stats NZ
19 Nov 2020  

Dairy producers pay falls 13% dip in Sept quarter – Stats NZ

Gains made in the March and June quarters have been impacted by the fall.


Govt launches review into NZ supermarket prices
18 Nov 2020   /

Govt launches review into NZ supermarket prices

The Commerce Commission will conduct the investigation to see if Kiwis are paying more than they should be.


High supply sees fruit, vege prices drop – Stats NZ
16 Nov 2020  

High supply sees fruit, vege prices drop – Stats NZ

The department says prices tend to fall in October as fruit and vegetables follow seasonal trend.


Vege prices jump 18% to push CPI up
27 Oct 2020  

Vege prices jump 18% to push CPI up

Higher vegetable prices have contributed to a 0.7% increase in the Consumers Price Index (CPI.


Saveloys and sheep’s tongue – a look back at Kiwi food habits
27 Oct 2020  

Saveloys and sheep’s tongue – a look back at Kiwi food habits

A refreshing glimpse into past and present consumer trends reveals the food products Kiwis loved buying in a Stats NZ infographic.