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

 


NZ Farmers Not Responsible For Bread Price Rises

7 October 1999

PR107/99

NEW ZEALAND FARMERS NOT RESPONSIBLE FOR BREAD PRICE RISES

Quality Bakers' recently announced five cents per loaf of bread price increase can not be attributed to farmers, Federated Farmers Grains Council of New Zealand said today.

Chairman of the Grains Council, Neil Barton, said the rise must not be blamed on wheat prices. "The Grains Council regrets that one baker has raised the price of bread to the consumer, but points out that wheat prices have dropped substantially."

Prices paid to New Zealand farmers for milling wheat have dropped from an indicative price (100 points wheat, after commission and freight) of $285 per tonne in the 1997/98 season to $262 per tonne in the 1998/99 season - a drop of $23 per tonne. This lower price follows an even greater drop in the prices paid to farmers for milling wheat for the previous 1996/97 year.

"The New Zealand wheatgrower has risen to the challenge of growing more wheat for the domestic market, despite lowered prices. Most milling wheat now in the ground has been contracted at a price determined last autumn," said Mr Barton.

"New Zealand wheatgrowers are offering to millers and bakers a variety of high quality milling wheat at prices that are more than competitive with the cost of imported wheat."

"Furthermore, New Zealand wheat growers offer millers, bakers, and particularly the consumer of wheat-based foods, a quality assurance guarantee where a trace back scheme is in place to remedy any quality problem. This is more than can be offered by any imported milling wheat."

"Wheat growers have absorbed the increased costs of world fuel price rises. On-farm costs, transport costs, plus the secondary range of costs of fertilisers and agrichemicals are costs the farmer is not able to pass on," concluded Mr Barton.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news