Cost of Beef in the Uk
Chicken could soon be a "luxury meat" and more than expensive than beef steak, a leading supermarket primary has warned.
Steve Murrells, chief executive of Co-op supermarkets, said the rocketing price of bird feed is to blame for ever increasing chicken prices in the Britain.
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This is because feed - which is the biggest cost of raising poultry - has increased past one-half since 2020 as prices for its ingredients have soared amidst the cost of living crunch and Russia's invasion of Ukraine.
This is in stark contrast to cattle raised in the Britain, which is primarily fed grass and does not need high-density feed.
As a issue, "Craven could become as expensive as beef", Mr Murrells told The Sunday Times.
The one-time senior manager at Sainsbury's and Tesco explained: "Chicken, which was incredibly cheap and great value for money, is ascent quicker than whatsoever other protein."
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Chicken is now the same price every bit beefiness in numerous UK supermarkets, and is set up to over have it, despite a kilo of beef usually beingness at to the lowest degree three times as much,
In Marks & Spencer, organic gratuitous-range chicken breasts and organic British beef rump steak are both £24.15 a kilogram.
While pack of two Tesco Finest beef rump steaks are £16.67 a kilogram, whereas its Finest corn-fed free range chicken fillets are £sixteen.l.
Figures from the Function for National Statistics show how between March 2020 and March this yr, the price of chicken rose by an astonishing nineteen per cent.
In contrast, the cost of beef mince increased by just 3 per cent, a beefiness roasting joint increased past xi per cent.
These cost rises have too hit chicken restaurants and takeaways similar Nando's and KFC who take increased their prices in recent months.
Ten chicken wings with ii sides at Nando'southward rose from £fourteen.95 to £15.45 last Nov and to £16 last calendar month.
If chicken out crows beef in price, information technology would be the commencement time that has happened since the 1950s.
Ingredients such as soya, a by-product of sunflower oil called sunflower repast and wheat, tend to brand up chicken feed.
But the price of all of these ingredients have soared as a result of the state of war in Ukraine and poor harvests.
Ukraine accounts for half of all global sunflower oil trade, and Russia and Ukraine produce about a tertiary of the global supply of wheat.
Y'all could see a shift into pasture [animals], you could see a shift into more constitute-based food
Steve Murrells
The National Farmers' Wedlock (NFU) has now revealed the cost of rearing a chicken has risen by a whopping l per cent in the by yr alone.
Reflecting on the cost rises, Mr Murrells, who was speaking at The Retail & eCommerce directors' forum, suggested customers may now switch to other meats or vegan alternatives.
He said: "You could see a shift into pasture [animals], yous could see a shift into more than constitute-based food.
"Customers will have to be savvy almost what they can afford."
James Mottershead, chairman of the NFU'south poultry board, said energy and feed costs for farmers were "skyrocketing".
He said: "This escalating situation is causing many to consider their time to come in the industry.
"We are in discussion with retailers about how farm businesses can remain viable and resilient to ensure there are ample amounts of British poultry on shop shelves."
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Source: https://www.thesun.co.uk/money/18427400/chicken-could-be-as-expensive-as-beef/
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