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Podcast: The Mike Hosking Breakfast
Episode: Chris Quin: Foodstuffs North Island CEO on the impact of the Middle East conflict on grocery prices and stock
Description: Cost increases from the war in Iran haven’t hit supermarket shelves yet, Foodstuffs North Island chief executive Chris Quin says. The latest food price index, published on Tuesday, showed food costs up 4.5% in the year to February, largely driven by red meat, but those increases came prior to the first attack on Iran on February 28th. Quin told Mike Hosking Foodstuffs was trying to anticipate what the conflict would mean for New Zealand food prices. "We are definitely seeing… dramatic increases in the cost of diesel, which is all about our supply chai...