Apr 07, 2022
The impact of inflation on fresh fruit and vegetable prices
By Nick Edwards
Supply chain problems and inflation are affecting virtually every commodity at every level. Fresh produce, fruit and vegetable prices have risen at different rates, due to a combination of factors, including:
- Higher input costs such as energy, packaging, and fertilisers
- Labour shortages
- Shipping issues due to surging freight costs and delays
- Strong consumer demand of high-quality of food
- Changing consumer buying practices such as online purchase and home delivery
The global price landscape of fresh fruit and vegetables is more volatile than ever, placing even more pressure on food retailers and procurement teams. We do not anticipate a return to "normal" seasonal patterns until 2023.
Our new white paper, Analysis: Fresh Fruit and Vegetable Prices Inflation(opens in a new tab), contains data and analysis that helps sheds light on the pricing outlook for fresh produce, along with our expectations for the future. It looks at the ongoing cost and inflation picture for selected fresh fruit and vegetable categories: apples, bananas, oranges, lettuce, and potatoes.
Download the white paper now for an in-depth, expert analysis and a dozen charts and tables showing exclusive data.
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.