vegetable prices – Michmutters
Categories
Business

Cost of living: Vegetable, iceberg lettuce prices finally expected to drop

There is finally some good news for your grocery bill, with the price of many vegetables expected to drop back to regular prices.

The change comes as growers begin to report that they are back on track with their crops after flooding earlier in the year devastated crops in NSW and Queensland, leaving empty shelves in supermarkets as well as fast food stores such as KFC having to substitute lettuce for cabbage in their burgers.

speaking to the ABCMulgowie Yowie Salads director Shannon Moss said the price of vegetables – such as iceberg lettuce which peaked at around $12 a head at the height of the crisis – have remained high for so long because farmers essentially had to start from scratch.

“You have to remember a seedling in a nursery takes about four to six weeks to grow, then it’s another eight weeks in the ground to grow lettuce,” he said.

“So you’re looking at three to four months to grow any kind of lettuce.”

And while the industry still faces challenges caused by labor shortages, high fuel costs and fertilizer costs, the better weather has at least helped even out supply issues.

Mr Moss says he’s now back in the swing of things, producing about 30,000 cos lettuces a week which get sent out to Sydney, Melbourne and Brisbane.

“We’ve had nice weather where a lot of growers have got stock coming on,” Mr Moss said.

But while price drops are coming, Toowoomba-based greengrocer Bevan Betros warned people not to expect them to come down immediately.

“I don’t think they’ll get much cheaper just for the next week or two,” he told ABC. “They’ll get back down as the warm weather comes on, as we get into spring.

“We should be getting down under $2 again, hopefully in September.”

Read related topics:Cost Of Living

.

Categories
Business

Grocery prices: Free lychees send shoppers into frenzy at Sydney’s Paddy’s Markets

Footage of shoppers in a frenzy after free fruit was offered at bustling Sydney market has perfectly summed up Australia’s cost of living crisis.

Data released by the Australian Bureau of Statistics showed the price of groceries is up 5.3 per cent annually and it is expected to rise further.

Fruit and vegetable prices were up 6.7 per cent, with some products — including staples like lettuce — soaring to ridiculous prices amid shortages.

So when lychees were on offer at the CBD’s Paddy’s Market, it led to dozens of shoppers clamoring over crates to get their fix.

It came as new research revealed supermarkets are forcing many people to overspend, costing households an extra $1,200 each year.

A survey of more than 2000 Australians found about two in five people frequently overspend their food budget and 82 per cent now splurge up to $200 on their weekly grocery shop.

The research, conducted by meal kit delivery service HelloFresh, also found 71 per cent of respondents were worried food items would continue to become more expensive.

Last month, Red Rich Fruits Managing Director Matthew Palise said rising prices have been brought on by a “perfect storm”.

Rising fuel prices, a tripling of fertilizer costs and a countrywide labor shortage have both hit farmers hard as competition ramps up.

A torrential rain season on the east coast — and general disruption from the pandemic — have also contributed to skyrocketing prices.

Mr Palise said they are currently selling off mandarins for between $2.50-$3.50 per kilogram, and has recommended shoppers on a budget go for what’s in season.

Mr Palise said sweet potato, onions, pumpkin and pink lady apples are currently some of the best value for money fruit and veg at the moment, but also reassured the market would ease going into the warmer months.

“You’ll see an easing into spring, especially on the higher priced produce like berries,” Mr Palise told news.com.au in July.

“It won’t go back to pre-pandemic prices, but there is relief on the way.

“My advice to shoppers is to buy local, spot the specials.”

Read related topics:sydney

.