UK’s biggest food retailers have warned that chicken could soon be as pricey as beef as production costs rising steeply.
Feed costs had become a huge challenge for the poultry industry. Labour shortage and commodity price rise result in higher prices. This higher priced chicken will have a major impact on lower income families.
This inflationary picture has deteriorated due to the rising prices caused by the Russia-Ukraine war. Ukraine and Russia are the major producers of sunflower meal (a byproduct of sunflower oil) and wheat, the ingredients that go into chicken feed.
Office for National Statistics data shows the average retail price of chicken has increased by nearly 12% in the last 12 months.
