New South Wales primary industries minister Ian Macdonald has advised that higher food prices over Christmas can be expected if rain is not forthcoming over the coming fortnight.
Go deeper with GlobalData
Macdonald yesterday (23 August) said that the drought situation in the state remained alarming despite a slight improvement in the latest drought figures – which showed 63.9% of NSW was in drought.
As a result, key crops such as canola, wheat and barley are under pressure.
“If we don’t get some reasonable rainfall over the next fortnight or so, many of these crops will be turned out to livestock for fodder purposes,” the minister told reporters. “And it will mean, of course, a reduction in the total production when it’s harvested later this year.”
“If we get substantial shortfalls in production this year … food prices over the Christmas period could be under some pressure.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAustralian Food News is Australia’s leading resource for the food industry, delivering daily news from the grocery, retail and hospitality sectors to 40,000 professionals each month. http://www.ausfoodnews.com.au/
