1st May 2024 Circana / GMO
While the amount of dollars spent in New Zealand’s supermarket channel hits another record, the upward pace of price changes is slowing – particularly in the last four weeks, according to Circana.
As the country went into a technical recession, supermarket cooking and baking departments and the snacking and frozen categories prospered.
Food Standards Australia New Zealand is calling for comment on an application to vary the Australia New Zealand Food Standards Code to allow a new processing aid from a genetically modified source.
Gifting confectionery, chocolate blocks, and biscuits were some of the big grocery category winners in a Christmas period that also saw private label sales jump.
Researchers have welcomed a clarification by the Environmental Protection Authority that will allow them to progress new avenues of plant and food research.
Food Standards Australia New Zealand is after feedback on an application to permit a new genetically modified source organism for the production of a human identical milk oligosaccharide to be used in infant formula products.
The amount of money Kiwis spend at the supermarket jumped by $2bn in two years, according to the latest insight from Circana.
Sales of private label products jumped in December, as consumers eschewed branded products when shopping for grocery basics.
Supermarket dollar sales hit another record, but Kiwis are becoming more discerning with their spend.
Inflation means more dollars spent at supermarkets, but some categories are losing out.
The flow of dollars through supermarket tills continues to grow, with demand for staples and ‘fakeaways’ increasing.
Inflation remains a key driver of value growth with supermarket spend jumping nearly 15% in two years.
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 strict control of genetic engineering has been good for the country’s food producers, says Organics Aotearoa New Zealand (OANZ).
A National government will end New Zealand’s ban on gene editing and genetic modification, according to the party’s science, innovation, and technology spokesperson, Judith Collins.
The $2bn snacking department continues to buck the trend, delivering both unit and value growth in NZ.
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