Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Egg prices crack $4.43 a dozen


The price of eggs reached a record high of $4.43 a dozen in April 2019, after rising for the past nine months, Stats NZ said today.

A national egg shortage may be one of the reasons for the rise in retail egg prices. Industry reports suggest that farmers are switching away from caged hens to more expensive free-range egg production, meaning that egg supply is down as hen flock sizes are reduced.

As a result, the weighted average price of both caged and barn eggs increased to $4.43 a dozen in April 2019, up from $3.89 a dozen in April 2018.

“A decade ago, a single egg cost 28 cents, and in April this year it reached 37 cents an egg,” consumer prices manager Gael Price said.

The prices for both chocolate and ice cream also hit new peaks in April.

A 250g block of chocolate in supermarkets cost an average of $4.57 in April 2019, 11 percent higher than in March 2019.

“We saw the size of some chocolate blocks were cut since February, while retail prices did not fall by as much,” Ms Price said.

“Average prices moved again in April when another larger chocolate-maker lifted prices, rather than cutting the weight of its bars.”

The average price for a 2-litre tub of ice cream reached a record high of $6.36 in April 2019, up from $6.11 in March 2019, and $5.54 in April 2018.

Restaurant meals and ready-to-eat food rose 0.9 percent in April 2019 and increased 3.2 percent in the year to April 2019. These rises coincided with a $1.20 an hour increase in the minimum wage from 1 April 2019.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

“Prices for restaurant meals and ready-to-eat food usually increase steadily over time. However, April saw the biggest monthly rise since October 2010,” Ms Price said.

Seasonal falls in fresh fruit and vegetables result in overall fall in monthly food prices

Overall food prices fell 0.1 percent in April 2019. Vegetable prices fell 2.6 percent and fruit prices fell 2.1 percent, offsetting the price rises for ready-to-eat food, milk, cheese, and eggs.

Kiwifruit had a seasonal fall in price in April, down 18 percent, and apple prices fell 7.9 percent.

Lettuce prices fell 6.7 percent in April and broccoli prices fell 12 percent. The average price of a 350g head of broccoli was $2.08 in April, down from $2.36 in March and $2.18 a year ago.

Video

See the Food price index: April 2019 video.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.