Fijivillage
NEWS SPORTS

Prices of local fruits and vegetables expected to remain high due to supply shortages

Prices of local fruits and vegetables expected to remain high due to supply shortages

By Vijay Narayan , Iva Danford
Wednesday 03/03/2021
[Image: file photo]

The Reserve Bank of Fiji says prices of locally produced fruits and vegetables are anticipated to rise in the coming months due to supply-side shortages caused by Tropical Cyclone Ana and the associated flooding.

Assessments done by fijivillage show that some market vendors are selling a bundle of long bean for upto $7, small dhania for upto $4 and a small heap of lettuce for $4. Price increases have also been noted for other vegetables.

The RBF has said in it’s latest economic review that price increases for local fruits and vegetables are expected to be temporary and subside as supply normalises after a few months.

The Consumer Council of Fiji says vegetables are not price controlled and therefore it is sold at market prices.

The Council says they work on the basis of supply and demand and the likely issue is that the supply is not meeting the demand which is resulting in the increase in the price of vegetables.

The Consumer Council says in most cases, when natural disasters occur it will take a while for suppliers to replenish their stocks because they too need time to recover.

They say we have also had a series of tropical depressions with associated heavy showers that may have impacted the farms as well as the supply chains.

The Council is urging consumers to shop around for the best prices before making a purchase and determine whether you are actually getting value for your money.

Meanwhile the RBF says the year-end inflation forecast remains unchanged at 1.5 percent.

The RBF also says annual headline inflation has been in negative territory since October 2019 and was -1.3 percent in January, driven by lower prices of alcoholic beverages, yaqona, kerosene, gas, petrol and diesel.

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Coca Cola Games 2021
The Coca-Cola Games will be held from the 22nd to the 24th of this ...
2 days ago

Faith-Based Organisations told COVID-19 vaccine cannot be evil
Permanent Secretary for Health, Doctor James Fong has told religious leaders and representatives that the COVID-19 vaccine cannot be ...
13 days ago

Joshua Rahman's $31 million drug trial
Josua Aziz Rahman was allegedly found in possession of 39.5kg of cocaine in Caubati on the 14th of February in ...
20 days ago
FEATURE NEWS
digitalFiji platform and the COVID-19 vaccine registry system are back online – AG
Minister for Communications and Attorney General, Aiyaz Sayed-Khaiyum says more government online services, including the digitalFiji platform and the...
2 hours ago
LATEST NEWS
Fiji Sports Council partners with Health Ministry for COVID-19 vaccination drive
The Fiji Sports Council is working together with the Ministry of Health in becoming one of Suva’s host venues to cater the registration and ...
2 hours ago

Russia’s Sputnik V vaccine approved for use in India
A third coronavirus vaccine has been approved for use in India amid a deadly second wave of infections. BBC News reports Russia's Sputnik V has ...
3 hours ago

The pandemic has ignited generosity in the hearts of those with the means to aid those in-need – Bainimarama
Prime Minister Voreqe Bainimarama says the adversity we have endured and continue to endure has honed our appreciation for the blessings, big and ...
3 hours ago

Muslims begin a month of fasting this morning
Muslims will be beginning their month of fasting from this morning as the moon was sighted last night to indicate the beginning of the holy month of ...
3 hours ago

Police confirm the two Nabua brawls are connected
Police have identified that the brawl that occurred yesterday afternoon in Nabua is connected to the one that occurred on the 3rd of this month and ...
4 hours ago

TOP