As producers feel the strain of another year of rising grain costs, consumers could find it more expensive to gobble turkey this Christmas, The Grocer has reported.
The dearest food on the traditional Christmas menu – the turkey – could become even more expensive this year, as high feed costs are putting increasing pressure on suppliers.
Soaring grain prices have once again squeezed the necks of many poultry producers this year, and the turkey sector is no exception. Of the fresh turkey products listed in the major mults, more than half have gone up in price over the past 12 months, and many lines are showing double-digit year-on-year price increases. For example, a Bernard Matthews XXL Golden Norfolk turkey has become £5 (or 16.7%) more expensive in Tesco over the past year, while a Bernard Matthews turkey breast joint is up 12.5%, from £3.99 to £4.49, in Morrisons as data tracked for The Grocer by Brand View has shown.
Retail prices have also gone up on many own-label products. A 450g pack of Sainsbury’s own-label diced turkey breast is now 14.3% more expensive than it was this time last year, while Tesco’s own-label free-range turkey breast steaks have risen 33.3%, from £3 to £4. Asda’s own-label turkey thigh joint has increased from £3 to £3.65 – an increase of 21.7% year-on-year.

To read more on this article please go to the grocer.co.uk
Like this:
Be the first to like this post.