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Ingham's Group says a drought-driven grain shortage has ended the price war between Woolworths and Coles over roast chickens. Producers and supermarkets raised roast chicken prices in January and February because poultry feed costs rose.
The drought is the cited cause of the higher feed costs.
Drought-reduced Australian grain supplies are raising feed costs, which pushes up poultry prices and supports demand for feed grains such as sorghum.
afr.comLiz MainFeb 27, 2019Not enough comparable past events yet for a historical read.
Not 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.
