Get ready to pay more for powdered milk due to the significant increase in cost of sourcing it from New Zealand
The Fijian Competition and Consumer Commission is warning that the current average retail price in Fiji for the 400g Powdered milk is $5.49 and this is anticipated to increase to above $6.
They say as New Zealand is one of Fiji’s primary source countries, it is anticipated that prices will continue to rise in the coming months.
The FCCC says global dairy markets have been affected by heightened demand, particularly from China, where an 18 percent year-on-year growth in dairy imports was recorded in late 2024.
They say climatic conditions have also played a role, as New Zealand experienced drought conditions across major regions, which reduced milk yields and tightened supply for export.
FCCC says the recent shipments of powdered milk showed an upward movement in supply price from NZD $7.00 to $7.65 per kg indicating a 9 percent increase.
They say this has attributed to supply-side disruptions, and local inflationary pressures in Fiji’s economy.
FCCC CEO, Senikavika Jiuta says understanding the potential impact of these developments, FCCC is proactively monitoring local market fluctuations to ensure price adjustments are promptly and fairly passed on and reported to the public.
Jiuta says while global factors influencing powdered milk prices are beyond local control, to protect consumers, they are taking these measures, as well as working on enhancing market transparency through regular price movement reports and early warning systems on global commodity trends.
The FCCC CEO says they will support building resilience in Fiji’s food supply and continue to empower consumers with better information and choices.
She says during this time of fluctuating prices, they also encourage Fijian consumers to exercise their right to choose and explore different products and brands to find the best value for their money.
Stay tuned for the latest news on our radio stations
