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

Dairy sheep and goat turmoil

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.

Hurry up and slow down!

OPINION: We have good friends from way back who had lived in one of our major cities for many years.

Editorial: Passage to India

OPINION: Even before the National-led coalition came into power, India was very much at the fore of its trade agenda.

National

Knowing bugs means fewer drugs

A mastitis management company claims to deliver the fastest and most accurate mastitis testing available at scale for New Zealand…

Machinery & Products

100 years of Farmall Tractors

Returning after an enforced break, the Wheat and Wheels Rally will take place on the Lauriston -Barhill Road, North-East of…

JD unveils its latest beast

John Deere has unveiled its most powerful tractor ever, with the launch of the all new 9RX Series Tractor line-up…

Biggest Quadtrac coming to NZ!

In the biggest announcement that Case IH Australia/New Zealand has made around its tractor range, its biggest tractor is about…

A different shade of blue for Norwood

Norwood and ARGO Tractors, the Italian manufacturer of Landini and McCormick tractors, have announced an agreement that gives Norwood exclusive…

Kubota tests diesel engines

Kubota last month used the UK LAMMA Show to test the water with its new 200hp, four-cylinder 09-series diesel engines.

» Latest Print Issues Online

The Hound

Why?

OPINION: A mate of yours truly wants to know why the beef schedule differential is now more than 45-50 cents…

Fat to cut

OPINION: Your canine crusader understands that MPI were recently in front of the Parliamentary Primary Sector Select Committee for an…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter