Agribusiness

Brisk weather brings broccoli prices down

Broccoli prices fell 27 percent in August 2018, and 32 percent for the year, Stats NZ said.

These price decreases contributed strongly to the overall fall of monthly and annual food prices.

“Broccoli is grown all year round, but is typically cheapest in December, at about $1.50 a head,” prices manager Geraldine Duoba said. “The cool weather this winter provided ideal growing conditions for broccoli.”

The average price of a 350g head of broccoli was $2.09 in August 2018, down 77 cents from July 2018. It is also about one-third cheaper than a year ago when prices reached $3.09 per head in August 2017.

Overall, food prices fell 0.5 percent in August 2018, down 0.8 percent after seasonal adjustment. Fruit and vegetable prices fell 2.1 percent in August 2018, influenced by lower prices for lettuce, broccoli, and cucumber. Grocery food prices, however, rose 0.5 percent, influenced by higher prices for snack foods, butter, and eggs.

Food prices decreased 0.1 percent in the year to August 2018. Fruit and vegetable prices fell 6.5 percent, reflecting lower broccoli, potato, and cucumber prices. This fall more than offset a 2.9 percent increase in restaurant meals and ready-to-eat food prices, which have shown higher than average inflation after the minimum wage increase in April 2018.

“Fruit and vegetable prices rose strongly in 2017 due to wet weather, peaking in August 2017,” Mrs Duoba said. “This month prices are closer to those experienced two years ago, in August 2016.”

Source: Stats NZ

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