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


Record lamb chop prices as BBQ season nears

The price of lamb chops reached a record high in October, Stats NZ said today.

Lamb chop prices were up 7.7 percent from September, reaching $17.12 a kilogram, while the cost of sausages was also up, by 4.9 percent to $10.30 a kilo.

“With summer approaching, these price rises will make meat for the barbecue more expensive,” consumer prices manager Geraldine Duoba said.

However, the price of sirloin and porterhouse steak was down slightly from its recent high in September 2018, to $30.72 per kilogram.

The price increases in meat follow falls in the New Zealand dollar and strong demand for exports of New Zealand meat, especially lamb.

These increases contributed to a 2.5 percent rise in the price of meat and poultry in October. This is the biggest monthly increase since January 2016.

However, there is good news if you like a salad with your barbecue meat. Vegetable prices fell 8.7 percent in October, after an 8.7 percent fall in September.

“Tomatoes, courgettes and lettuces all had seasonal price falls this month,” Ms Duoba said. “These prices usually keep falling as we head towards summer.”

Tomato prices fell 22 percent to $6.90 a kg, while lettuce dropped 30 percent to $1.28 per 500g head.

The fall in courgette prices follows a large increase in September, when supplies were limited. This was when imports of courgettes, and some other fruit and vegetables, were temporarily suspended for biosecurity reasons. New-season supplies of local courgettes came on to the market in October, bringing the price down again. However, courgette prices were still 15 percent higher than they were in October 2017.

Overall, food prices fell 0.6 percent in October, but rose 0.3 percent after seasonal adjustments. Annually, food prices increased 0.6 percent.


See Food price index: October 2018 video.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>


Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Retail: Supermarkets Announced As Government’s Second Market Study

The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries. More>>


Statistics New Zealand: Retail Sales Recover In The September 2020 Quarter

Retail sales values recorded the largest September quarter rise since the series began in 1995, Stats NZ said today. Spending on major household items, vehicles, and groceries contributed to the strong 7.4 percent ($1.8 billion) rise in total ... More>>

Kea Aerospace: New Zealand Flies Into The Stratosphere

Development has started on a solar-powered, unmanned aircraft that can fly in the stratosphere continuously for months at a time. The zero-emission aircraft will carry a suite of imagery equipment that will be game-changing for many industries, vastly ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>