Farmers have issued an urgent food supply warning, prompting Australians to warn that grocery prices will continue to rise. Here’s how much your weekly shop will cost.
Farmers have issued an urgent food supply warning, prompting Australians to warn that grocery prices will continue to rise. Here’s how much your weekly shop will cost.
Shoppers were told to anticipate increased food shortages and price increases on necessities.
According to the National Farmers Federation, food accessibility and cost is an issue.
If there are additional floods in the following six months, food shortages and price increases are anticipated.
Experts warn that stores will soon face additional food shortages due to adverse weather conditions.
As a third La Nina weather system brings excessive precipitation and more extreme weather, food producers and growers are straining to meet consumer demand.
The prices of foods such as poultry, leafy greens, berries, and grains are expected to climb, with the price of dairy products predicted to increase by up to 30%.
As the cost of living climbs, consumers have been cautioned to prepare to spend more at the cash register.
As a result, supermarkets will need to increase their checkout prices, exacerbating the cost of living crisis.
As global supply networks continue to decelerate, inflation and extreme weather events such as the La Nina system force producers to pass on increased prices to supermarkets and, ultimately, to consumers.
The National Farmers Federation’s head economist, Ash Salardini, stated that farmers are experiencing labor shortages in the processing and manufacturing sectors.
Mr. Salardini stated, “If we don’t handle food availability and affordability, it will be a problem in 12 to 24 months.”
The price of oil has increased by 33 cents, the price of milk has increased by 16 cents, and the price of margarine has risen by 15 cents.
Leafy greens are predicted to be one of the grocery goods whose prices will rise (stock image)
Meteorologists anticipate floods as a result of the La Nina weather pattern, thus the price of additional produce may surge.
“Expect shortages or price increases if there are floods in the next three to six months or if it rains at the wrong time, such as during harvest,” Mr. Salardini added.
It is recommended that consumers purchase seasonal fruits and vegetables to save money and ensure availability.
Customers are encouraged to save money by purchasing seasonal vegetables.
While the price of a single iceberg of lettuce has decreased from $12 to $2.50 in recent weeks, the price of several necessities has increased by as much as 50 percent over the past year.
The price of cooking oil has increased by 33%, the price of milk has increased by over 16%, and the price of margarine has increased by up to 50%, according to the comparison app Frugl.