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NZ: Apple prices up 21%

Data released by Statistics New Zealand yesterday showed apple prices rose 21 per cent in January compared with a year ago, its highest level since December 2008.

And at $4.12 per kilogram, that outstripped an overall increase in food prices of 0.8 per cent for the January year.

Turners & Growers chief executive Geoff Hipkins said the sharp price jump was a result of a classic rise in overall demand for apples meeting a shortage of supply due to poor growing conditions in the northern hemisphere.

"It's an advantage to New Zealand, being able to supply apples while other countries have not been in that position," he said, adding that the warm summer had been helping apple growers so far.

Source: stuff.co.nz
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