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The BBC reports that UK chicken prices are rising as feed, energy and transport costs climb. Chilled oven-ready chicken has risen from £2.50 to £3 per kg over two years, and some chains such as Nando's and KFC have already raised prices.
A West Midlands broiler farmer describes higher chick, feed and utility costs being passed down the supply chain.
Higher feed, energy and transport costs push up broiler production costs, which supports poultry prices and feeds demand for grain and meal inputs. Continued cost pressure points to firmer retail chicken prices.
bbc.comLora Jones, Paul Sargeant, Sandra Rodriguez ChillidaMay 23, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
