The price of some food - including pies, hot dogs and hot chips - at the Melbourne Cricket Ground (MCG) could come down by as much as 40 per cent under a catering deal agreed by Melbourne Cricket Club (MCC).

MCC CEO Stephen Gough said $2 million a year would be spent by the club and the catering company Epicure to subsidise the price cut until 2022.

Prices will then rise only in line with the consumer price index (CPI).

Mr Gough said the MCC was responding to criticism from fans.

"We don't need market research to tell us, we know what fans tell us [about prices]," Mr Gough said."This is an area that has been the subject of much comment and I'd like to think that the MCC, the [Melbourne Cricket Ground] with Epicure have taken the lead as being the number one stadium in the country."

MCG food prices Product 2014 2015 Change Hot chips $5.60 $4.00 28.6 pc Meat pies $4.80 $4.00 16.7 pc Hot dog $6.50 $4.00 38.5 pc Chicken schnitzel burger $10.00 $7.50 25 pc Soft drink $5.00 $4.00 20 pc Bottled water $5.00 $3.00 40 pc Sushi $6.80 $5.00 26.5 pc Salad $11.50 $8.00 30.4 pc Beer trays $1.00 Free

The price of healthy food options like salads and sushi would also come down under the deal, but the price of alcohol would remain the same, the MCC said.

Mr Gough said the price of food items was a key factor in Epicure securing an extension of their contract with the MCC to 2022.

"This is a $2 million hit to the profit of both the MCC and Epicure; we have decided to re-invest that money back into the reduction of prices," he said.

He said the MCC was the only venue in Australia that had taken that step.

"People [do] compare the price of things here with what they might buy at the corner store, or the supermarket," he said.

"That's a little different [than] we operate here, it's not a continuous, seven-day-a-week business, we bring staff in and we pay penalty rates, so it does cost more."

Football fan and Demon Army member Janine Healy said the move would make bringing her two sons to the ground more affordable.

"I think it will make a difference for families, but we're heavily involved in the cheer squad, so it just means he'll get more chips now, so he'll be happy about that," he said.

The new pricing regime will start next month, in time for the first AFL match at the MCG on April 2.