Source:News Limited AUSTRALIA grows its own fruit and vegetables, we produce some of the world’s best meat and we’re surrounded by seafood-rich oceans. If there is any shortage of produce in the northern hemisphere , you will pay premium prices for your product. If the AUD is low , you pay big premiums in AUD terms.
There are a number of possible explanations. Australia at the moment Wholesale prices of some vegetables.
It’s a question that we often ask ourselves when we travel overseas, and find ourselves raving about how cheap the food was. TV shows as well as in the aisles of our supermarket duopoly. While there are a number of factors, experts are beginning to recognise that it is partly because shoppers have simply got used to high prices and foodie shows such as MasterChef may also encourage us to pay a premium for food. In all fairness to the dairy or milk producers , the middle man takes the biggest. Food prices rose at their fastest annual pace in more than six years as increasingly expensive vegetables were made more scarce by wet autumn weather.
You can live in Asia on $a day. So, next time you purchase an expensive cheese, or a pricey artisan loaf, perhaps ask yourself if it’s monetary value could be contributing to you savouring every bite. (more…)