General
Fruit and veg prices tipped to rise as ABARES says value of farm produce to hit $65bn for 2020-21
Shoppers should expect the price of fresh fruit and vegetables to rise and red meat to fall as farmers are expected to record their most valuable year yet.
Key points:
- Australian farmers are on track to produce a record $65 billion of food and fibre in 2020-21
- The value of farm exports falls by 7 per cent to $45 billion due to COVID-19, domestic stock rebuild, and China trade sanctions
- Consumers are warned the price of fresh fruit and veg is to rise as the horticulture sector struggles without harvest workers
The latest from Government commodity forecaster ABARES shows summer vegetables, stone fruit, apples, pears, and grapes could all be 15 to 25 per cent more expensive due to a shortage of harvest workers.
In the short term, imported fruit…
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