Horizon Fresh - International Market & Bakery

Horizon Fresh – International Market & Bakery – Breaking news for February 10: US inflation hits 7.5%, fastest annual growth in 40 years, UK metropolitan police chief resigns after scandal, Credit Suisse posts $2.2 billion fourth-quarter loss.

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Horizon Fresh – International Market & Bakery

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You can change or cancel your online subscription or trial at any time. Go to Settings & Account and select “Cancel” on the right. Consumers should be patient as domestic and foreign issues will affect their pockets for some time, manufacturers said.

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The latest Consumer Price Index data showed vegetable prices rose 12.7% year-on-year, with grocery prices in Australia rising. Photo: Jenny Evans/Getty Images

A supermarket in Queensland this week saw iceberg lettuce on sale for $11. The photo quickly went viral as evidence of the stresses of Australian life.

Priced at $280 each, the Icebergs are notorious for price hikes. So what’s driving up the prices of vegetables and other fresh produce, and how long will the high prices last?

This is not just the tip of the iceberg, as few products survive the effects of strong inflation. The latest data from the Consumer Price Index showed that vegetable prices rose by 12.7% year-on-year.

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In the last six months, comparison shops have shown that a kilogram of potatoes has risen from $1.88 to $4.24. Prices for continental cucumbers have doubled, from $1.50 to $350 each.

A comparison of store prices last August showed a similar jump. A bag of purple onions went from $2.00 to $2.90 per kilogram. A bunch of celery went from $3.00 to $4.50, and four zucchinis went from $2.94 to $4.68.

In Sydney, bell peppers from Harris Farm recently cost $18.99 a kilo. In Melbourne, a Kent crab will set you back $15.60, while a watermelon, even out of season in Australia, costs $25.52.

Almost everything from group tomatoes to zucchini is on the rise. Rabobank chief analyst Michael Harvey said Australians had seen their highest growth costs in a decade.

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“Obviously [Season 3 numbers] are the highest season numbers in 10 years,” he said. “They haven’t been that high since 2011, when the hurricanes hit bananas.”

“When you look under the hood, it’s broad: vegetables, beef, meat and dairy, seafood [but], but vegetables are important.”

There are many factors that can cause prices to rise, but the main drivers are floods, wars and epidemics.

AusVeg spokesman Tyson Kala said the recent floods that destroyed crops in New South Wales and northern Queensland were the main culprits. He said the damage in Locker Valley was severe.

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“The Locker Valley has been hit hard by the recent weather. “This will lead to price increases, especially for fresh vegetables,” Kala said.

“The locker is where all the fresh vegetables are grown. You can shoot an arrow at the board [blue cover] and it will probably hit someone growing there.

“So we’re not talking about quality, but about specific areas. You have a very difficult development area that is vulnerable to water damage and flooding.

“In Victoria and NSW, we rely on supply from Queensland, where it’s hot. “You can’t get anything in Vic now because it’s three degrees outside.”

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These are not just domestic issues: prices are also linked to international activities. Fertilizer, for example, has increased by 120% compared to 24 months ago.

“Moving forward, there’s pressure on the entire food system from the farm gate to processing,” Harvey said.

“If you look at global events, this is a short- to medium-term trend. The war in Ukraine affects the prices of energy, fertilizers, grain and oilseeds.

“Even the lockdown in China is affecting global production. The costs associated with this epidemic remain in the food system. “

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“Consumers need to understand that prices will not go back to where they were before. “It has to do with a number of things that every Australian is dealing with, such as the high cost of fuel.”

“We don’t put a number on how much the price will increase. Market forces determine that, investors decide that, not us. “

Harvey says there will be a lot of hip pain in the pocket in the short term, but some family drivers may be relieved over the next 12 months.

“We still have a lot to warn about,” he said. “We advise customers that there will be more in the future.

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“Over the next 12 months, if we have better growth conditions, better labor supply and less trade friction, you’ll see lower inflation.”

“You can look for things that don’t go up too much, look for deals. Not everything will go up in price, some will stay cheap and some will tighten their belts a bit on random items. New Good Food Market, 2018 NACS International Convenience Retailer Host

In October 2019, it opened its newest store in Dublin’s new city, Capital Dock. The apartment tower’s first tenants include 196 new apartments, major financial institutions State Street and JP Morgan, along with Netwiper.

Founder and CEO of New Good Food Market, Noel Smith, said: “We were delighted to open in such a popular location in the Capital Docks. “It’s a great experience, and we’ve combined it with the store.”

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The capital is Doc Fresh’s seventh in Dublin, but another urban development in the city center business district is in the works at Dublin Land. The outfit will begin with a planned second phase opening in mid-February, said Austin McGinley, consultant and development consultant for New Good Food Market.

“Shops typically take 16 to 20 weeks depending on the competition, but it’s Capital Dock’s signature glass, and it fits the bill,” he said.

Both stores bring new ideas in a new format, which is kept for 12 months before being piloted, ensuring that the company buys new ideas.

“We looked at our existing equipment and thought about how we could improve it,” Smith said. “We explore different sub-categories and designs and come up with new concepts.”

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These include an expanded new coffee shop, a new juice bar and an ice cream concept offering soft drink ice cream and gelateria.

Combined with Fresh’s high-end supermarket model, Capital Dock, with a focus on take-out, dine-in and casual dining, will attract a growing number of workers and residents moving to the area. Smith reports that by the end of 2020, there will be more than 4,500 people in the capital docks. Jobs Brands, for example, is currently moving 800 employees to new offices. All this apart from a shoe store in the nearby Grand Canal Square, there is also a new store.

“The whole area, including the Grand Canal Square, is called Silicon Valley,” McGinley said. “Capital Shop” gave us the opportunity to introduce new services such as breakfast served from 7am to 5pm. m. to 11am m. Every day.”

The expanded new cafe, with 48 seats and another 50, has a more sophisticated look and feel, Smith said. breakfast –

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