Australians are increasing purchases of long-life pantry staples including canned foods, rice, pasta and long-life milk amid Middle East tensions and concerns about rising costs and supply chain disruptions. SPC has reported a 20% surge in demand for products like baked beans, canned fruit and canned tomatoes over the past six to eight weeks. Supermarkets including IGA are observing a noticeable shift towards long-life goods and household essentials as consumers shop defensively against anticipated price increases.
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