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The cost of fresh food is set to rise in 2020

Bushfires and drought have impacted the industry. - by Laura Barry
  • 05 Feb 2020

WATCH: Need some health and wellbeing advice? Watch Pete Evans share his practical tips for healthy eating and living well in the video below!

The Agribusiness Outlook report for 2020 has predicted that Australia’s agriculture industry currently faces a multi-year rebuild due to drought and bushfires, and consumers can expect to see the prices of some foods rise as a result.

The report, completed by Rabobank, explains that production volumes are down across the board for the 2019/20 growing season, with poor winter crops, cotton production slashed and meat and dairy reduced due to falling herd numbers, which means the cost of these items may rise.

vegetables
Getty

The report predicts that:

  • Wheat prices will rise by up to 4%
  • Milk may experience a slight increase
  • A low supply of beef I set to increase prices
  • Lamb prices may fall slightly
  • The price of sugar may rise
  • The demand for fresh fruit and vegetables remain strong, but prices may increase to reflect demand

Shopping for fresh food staples may soon rise, so it pays to shop around to ensure you’re getting the best price this year.

You might also like:

10 cheap and healthy foods that won't break the bank 

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Laura Barry
Laura Barry
Laura Barry is a writer, bookworm and interior design enthusiast with a love for reporting on all things homes, travel and lifestyle. When not tapping away at her keyboard, Laura can be found making endless cups of tea or perusing the shelves of Sydney’s many bookstores.

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