Is Chicken Expensive Compared to Beef
Craven could soon be a "luxury meat" and more expensive than beef steak, a leading supermarket principal has warned.
Steve Murrells, primary executive of Co-op supermarkets, said the rocketing cost of bird feed is to blame for ever increasing chicken prices in the UK.
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This is because feed - which is the biggest cost of raising poultry - has increased by half since 2020 every bit prices for its ingredients have soared amid the toll of living crisis and Russian federation's invasion of Ukraine.
This is in stark contrast to cattle raised in the UK, which is primarily fed grass and does not need loftier-density feed.
Every bit a result, "Chicken could become as expensive as beef", Mr Murrells told The Sunday Times.
The former senior manager at Sainsbury'due south and Tesco explained: "Craven, which was incredibly cheap and great value for money, is ascension quicker than whatever other protein."
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Chicken is at present the same toll as beef in numerous UK supermarkets, and is set to over take it, despite a kilo of beefiness usually being at least iii times equally much,
In Marks & Spencer, organic complimentary-range chicken breasts and organic British beef rump steak are both £24.15 a kilogram.
While pack of two Tesco Finest beefiness rump steaks are £16.67 a kilogram, whereas its Finest corn-fed costless range chicken fillets are £xvi.fifty.
Figures from the Function for National Statistics show how between March 2020 and March this twelvemonth, the price of chicken rose by an astonishing xix per cent.
In dissimilarity, the toll of beefiness mince increased by only iii per cent, a beef roasting joint increased by 11 per cent.
These toll rises have also hitting chicken restaurants and takeaways like Nando's and KFC who take increased their prices in recent months.
Ten chicken wings with ii sides at Nando's rose from £14.95 to £15.45 terminal November and to £16 concluding month.
If chicken out crows beef in price, it would be the first time that has happened since the 1950s.
Ingredients such as soya, a by-production of sunflower oil called sunflower meal and wheat, tend to make up craven feed.
But the cost of all of these ingredients have soared as a result of the war in Ukraine and poor harvests.
Ukraine accounts for half of all global sunflower oil merchandise, and Russia and Ukraine produce about a third of the global supply of wheat.
Y'all could see a shift into pasture [animals], you could see a shift into more plant-based food
Steve Murrells
The National Farmers' Union (NFU) has now revealed the cost of rearing a chicken has risen by a whopping fifty per cent in the past twelvemonth alone.
Reflecting on the price 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 plant-based food.
"Customers volition have to be savvy nearly what they tin can afford."
James Mottershead, chairman of the NFU's poultry board, said energy and feed costs for farmers were "skyrocketing".
He said: "This escalating situation is causing many to consider their future in the industry.
"We are in discussion with retailers about how farm businesses can remain feasible and resilient to ensure there are aplenty 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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