New Zealand: strawberry prices drop 43 per cent as glut hits supermarkets

Published Dec 11, 2020

Tridge summary

Strawberry prices in local supermarkets have dropped due to a glut caused by border restrictions and high freight costs, leading to an oversupply. The average price for a 250 gram punnet fell from $6.04 in October to $3.45 in November. However, this is causing financial distress for growers as they are unable to pick the fruit fast enough and many are too ripe for export. The industry is also facing a labor shortage for planting in May, which could result in fewer strawberries available in 2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The cost of strawberries in local supermarkets has been slashed due to a glut caused by border restrictions and soaring freight costs, newly released data from Stats NZ shows. Strawberry prices were an average of $3.45 for 250 gram punnet in November, down from $6.04 in October. But while it’s good news for those planning champagne with strawberries this summer, growers were “hurting like hell” the industry said. Growers could not pick the fruit fast enough, and many berries were too ripe for export, leading to an oversupply and drop in price. “Prices are lower than we typically see for a November month with December generally being when they are cheapest. Some people may be seeing even cheaper prices during the first half of December,” Stats NZ consumer price manager Katrina Dewbery said. Strawberry Growers New Zealand executive manager Michael Ahern said the fruit was currently at its best. “There’s only one thing we want from New Zealanders. Please go and buy plenty, straight ...
Source: Stuff NZ

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