Tuesday, April 15, 2008

Think your shopping bill is high? It'll get worse


NZ Herald - April 16, 2008
By Brooke Donovan

Statistics New Zealand said fruit and vegetables rose a collective 3.1 per cent, mainly driven by a 27 per cent increase in the price of tomatoes.

Horticulture New Zealand chief executive Peter Silcock said the rise in fruit and vegetable prices was a result of the hot, dry summer, which stressed plants and reduced crop yields.

"It's just plain supply and demand. When yields go down, and demand stays strong, prices go up," Mr Silcock said.

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