US poultry meat and egg prices climbing
Consumers in the US are warned to be prepared to fork
out more for food due to higher-priced groceries, including poultry meat and
US retail chicken prices in January were up 10% compared with 2007, and US
eggs have gained more than 30%, according to the Bureau of Labour
Many analysts expect consumers to keep paying more for food, Dallas News
reports. Wholesale food prices - an indicator of where supermarket prices are
headed - rose last month at the fastest rate since 2003, with egg prices jumping
60% from a year ago, according to the Department.
Corn, a key foodstuff for farm animals, has sky-rocketed as ethanol demand
has sharply increased. Corn prices have more than doubled over two years, and
soybeans nearly tripled. This means that poultry producers pay more to feed
their birds, which also has an effect on the price consumers pay for poultry
To comment, login here
Or register to be able to comment.