It's all about economics
OPINION: According to media reports, the eye-watering price of butter has prompted Finance Minister Nicola Willis to ask for a 'please explain' from her former employer Fonterra.
New research from meal kit company, Hello Fresh has revealed the over 45% of New Zealanders have changed their diet due to factors like increased cost of living, sustainability and health.
The research, conducted by survey company Pure Profile, also revealed that 35% of respondents’ weekly supermarket shop has increased by $50 - $100.
The results come as Stats NZ announced a 7.5% annual rise in grocery food prices.
Stats NZ Consumer prices manager Fiona Smillie says dairy products seem to be the major contributor to the rise.
“Increasing prices for cheddar cheese, standard two-litre milk, and yoghurt were the largest contributors within grocery food,” says Smillie.
Hello Fresh director culinary innovations & operations Hannah Gilbert says meal planning is one way to stick to a food budget, “allowing you to enjoy quality ingredients without breaking the bank”.
“One of the biggest ways households spend more than they need to is through food waste, with leftover ingredients ending up in the bin,” says Gilbert.
Also impacting monthly food prices, according to Stats NZ, is the rising costs of fruit and vegetables.
A 10% increase in fruit and vegetable prices was recorded for July 2022.
After adjusting for seasonal effects, fruit and vegetables were up 3.1%, indicating that while seasonal impacts drove most of the movement, after removing these impacts fruit and vegetables still increased by 3.1%.
“Vegetables had the largest impact on this increase, influenced by higher prices for tomatoes, lettuce, and broccoli,” says Smillie.
Acclaimed fruit grower Dean Astill never imagined he would have achieved so much in the years since being named the first Young Horticulturist of the Year, 20 years ago.
The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.

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