Christmas Food Prices Not Expected to Drop

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Christmas Food Prices Not Expected to Drop

According to Nick Noske, the acting president of Cherry Growers of Australia, the quality of cherries is expected to be high due to favorable weather conditions. However, he does not anticipate a considerable decrease in prices for Christmas. Andrew Ferguson, the managing director of lobster retailer Ferguson Australian, notes that while prices have risen compared to last year, they may not immediately return to previous highs, even if Chinese imports were to resume.

The outlook for Christmas prices of cherries and lobsters may not bring substantial relief to consumers, as international factors and market conditions are expected to keep prices from dropping significantly. Despite favorable weather conditions for cherries, and potential changes in Chinese import restrictions on lobster, consumers should not expect a significant decrease in prices for these holiday favorites.