Economic100 Analysis - Article Example

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Economic100 Analysis

Broccoli, which was yesterday priced at $6.99/kg in store, could drop down to as low as $2.99/kg. Other winter vegetables, such as cauliflower and cabbage, will see similar reductions. Fruit would eventually follow, but would not drop as much, he said. Banana lovers will be the hardest hit however. “They will stay up for at least six months,” he said. Ausveg, the national peak industry body representing the interests of Australian vegetable and potato growers, has also predicted the drop in vegetable prices. “We’ve predicted a price drop in the coming months. We will see a return to normal pricing,” Ausveg spokesman Hugh Tobin said. “Areas devastated by the floods like the Lockyer Valley are getting back on track.” Ausveg had estimated national losses in vegetable and fruit production was at approximately $225 million. Price drop Winter vegetables such as broccoli, cauliflower and cabbage are expected to drop in price by almost 50% in the next two to three months. Fruit will slowly follow, depending on the weather, but bananas will not return to normal prices for at least six months.1 Report Introduction The price level of food products influences majority of each household’s expenditure, therefore changes in prices draw people’s attention. ...
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Table of Contents: Table of Contents: 1 Article - Vegetable prices likely to fall 1 Report 2 Introduction 2 Analysis 2 Conclusion 5 Works Cited 6 Sources of Graphs: 7 Article - Vegetable prices likely to fall The price of vegetables is set to crash in the coming months as the weather cools and an influx of new produce enters the market…
Author : rohanliliane

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