Monday, 04 July 2022 13:55

Chicken prices on the rise

Written by  Staff Reporters
Tegel will be rising the prices on its chicken. Tegel will be rising the prices on its chicken.

New Zealand poultry supplier Tegel will raise its prices from this month.

The company says the price rise of approximately 10% is the result of ongoing cost pressures on the industry, including increases in labour, feed and fuel impacting supply chain costs.

“No business is exempt from the rising costs of labour, transport, fuel and logistics. We’ve also seen across-the-board increases in insurance and utilities and this, coupled with employee shortages, has meant that there are no costs going down,” says Tegel chief executive Egbert Segers.

Segers says the war in Ukraine has compounded the issues.

“Prior to the Ukraine war, we were seeing global pressure on grain demand, availability was tight, and prices were rising. The war has now put added pressure on the availability and supply of grains and oil seed products which are key components in chicken feed around the world.

“The price of feed is at a more than 20-year high and even the 10% price rise won’t cover the ongoing cost pressures on chicken producers.”

Segers says Tegel is working with retailers to ensure affordable options are still available to all customers.

“Chicken has always been a great source of protein and is still significantly cheaper than most red meat cuts. We will continue to work hard to make sure it remains accessible to as many Kiwis as possible.”

More like this

Poultry producers latest to join GIA

The Poultry Industry Association of New Zealand (PIANZ) is the latest industry group to sign up to the Government Industry Agreement for Biosecurity Readiness and Response (GIA).

Green light for collective bargaining

The Commerce Commission has provisionally authorised New Zealand Tegel Growers Association Incorporated (TGA) to collectively negotiate on behalf of its members the terms and conditions of its members’ supply of chicken growing services to Tegel Foods Limited (Tegel).

Featured

Govt Commits $4m to Rural Wellbeing Initiatives

While the District Field Days brought with it a welcome dose of sunshine, it also attracted a significant cohort of sitting members from the Beehive – as one might expect in an election year.

Shane Jordan Beats Brother to Win NZ Timbersports Title

While not all sibling rivalries come to blows, one headline event at the recent New Zealand Rural Games held in Palmerston North certainly did, when reigning World Champion Jack Jordan was denied the opportunity of defending his world title in Europe later this year, after being beaten by his big brother’s superior axle blows, at the Stihl Timbersports Nationals.

National

Machinery & Products

Chinese Tractors Eye Western Europe

Having caused quite a stir at last year’s Agritechnica, Chinese manufacturer Zoomlion is reported to be conducting large-scale field trials…

Franz Grimme Turns 80

Franz Grimme recently celebrated his 80th birthday earlier March and continues to be an entrepreneur with passion and pioneering spirit,…

» Latest Print Issues Online

The Hound

What A Choice!

OPINION: If you ask this old mutt, the choice at the next election isn't shaping up as a contest of…

Your Call!

OPINION: A mate of yours says we're long overdue for a reckoning on what value farmers really get for the…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter