In the past 12 months, food prices have risen the most in 36 years - but one vegetable grower says they're heading back down.

Food went up 12.5 percent in the year to April, including a 22.5 percent increase in prices for fruit and veg.

But in just the month of April, fruit and veg actually also slid 2.9 percent.

Leaderbrands CEO Richard Burke says Cyclone Gabrielle caused some delays.

"We've been really trying to push volume a bit so we can get those values better, and what we're seeing is that product come to market now."

LISTEN ABOVE 

In the past 12 months, food prices have risen the most in 36 years - but one vegetable grower says they're heading back down.
Food went up 12.5 percent in the year to April, including a 22.5 percent increase in prices for fruit and veg.
But in just the month of April, fruit and veg actually also slid 2.9 percent.
Leaderbrands CEO Richard Burke says Cyclone Gabrielle caused some delays.
"We've been really trying to push volume a bit so we can get those values better, and what we're seeing is that product come to market now."
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.