money & Banking

Joanita Wibowo

Why your grocery bill is getting more expensive

Why your grocery bill is getting more expensive

The prices of Aussie fruits and veggies are increasing following a series of natural disasters throughout the summer.

According to 9News, heatwaves in Victoria have sent vegetables’ shelf prices soaring, with broccoli going from $3 to as much as $10 per kilogram, lettuce going from $2 to $4 per head, and green beans quadrupling from $6 to $25 per kilogram. Prices for cauliflower have doubled from $3-5 to $7-10 a kilogram, while snow peas have gone from $7-10 to up to $18 per kilogram.

Fruit prices have also been affected as floods in North Queensland cut the supply of bananas, whose price has risen from $2-5 to $6-8 per kilogram. Australian Banana Growers' Council Chair Stephen Lowe said the produce might also have external marks.

"They may not be as bright yellow as normal, but ultimately the product still should taste the same inside," he told The Advertiser.

Shaun Lindhe of industry rep body Ausveg told 9News that prices should return to normal in the long term. "It may just take a bit of time for some other regions to pick up the slack," Lindhe said.

An Ausveg spokesman encouraged shoppers to continue supporting local farmers. "We would urge local consumers to buy local fresh product when it is available, as it not only supports local farmers but is the best way to ensure that consumers are supporting their health," he told News Corp.

The same floods have also been responsible for the death of up to 800,000 cattle in the region, but the Australian Financial Review reported that red meat prices are heading towards a four-year low. As of last week, cattle prices have declined to $4.49 per kilogram.

However, experts warned that these prices could rise back up once the rain season arrives to break the drought affecting Queensland, NSW and the Northern Territory.