Rising supplier costs are being blamed for food prices.

Annual food prices have shot up to the highest rate in 13 years.

Stats New Zealand data shows food cost 8.3 percent more this August than the last.

Tomatoes NZ Chair Barry O'Neill told Mike Hosking there are some local structural issues in the industry.

“One being the heating costs have got so high that a number of growers can’t afford to heat their houses anymore, so we don’t get production outside of the main summer period.”

LISTEN ABOVE

Rising supplier costs are being blamed for food prices.
Annual food prices have shot up to the highest rate in 13 years.
Stats New Zealand data shows food cost 8.3 percent more this August than the last.
Tomatoes NZ Chair Barry O'Neill told Mike Hosking there are some local structural issues in the industry.
“One being the heating costs have got so high that a number of growers can’t afford to heat their houses anymore, so we don’t get production outside of the main summer period.”
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.