Price rises on pantry staples will continue eating into household budgets, with war, fuel costs, worker shortages and natural disasters affecting food supply chains and experts warning more is to come.
The war in Ukraine, floods, the cost of fuel and labour shortages are driving prices up.More items may become unavailable on supermarket shelves as farmers scale back operations due to soaring costs.Price rises on groceries will continue eating into household budgets for the rest of the year, with the war in Ukraine, fuel costs, labour shortages and weather disasters inflicting “unprecedented” havoc on food supply chains.
On Tuesday morning, for the first time in decades, La Manna was unable to stock strawberries. On Monday, the grocer could source only two boxes of broccolini, rather than its usual eight to 12.The price of cauliflowers at La Manna has risen from $3.99 to $6.99 within two weeks, while broccoli rose from $6.99 a kilogram to $8.99. Stringless beans went from $17.99 a kilogram to $23.99 and snow peas are now $27.99 a kilogram, up from $22.99. Vegetables such as cabbage and kale have been unaffected.
“There’s certainly elements of what’s going on at the moment that you’ve seen in the past,” Harvey said. “But I think it’s fair to say the number of seismic events happening all at once is quite unprecedented.” Cattle said costs to growers increased 35 to 45 per cent in the past year and the price of fresh produce was likely to remain high.Victorian Farmers Federation president Emma Germano said many farmers were still not covering their production costs and consumers were likely to see more shortages. “I think we’re going to see more of that as we go on,” she said. “It’s inevitable prices are going to rise.
Groceries at supermarket giant Woolworths increased by an average of 2.7 per cent in the most recent quarterly results, revealed this month.
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