September 27, 2016

Chicken prices set to soar as worldwide production drops and weak pound hits imports

A worldwide shortage of chickens is set to push the prices up, experts have warned.

The UK imports 20% of its birds and could face a double whammy as the weak pound following Brexit will also squeeze family budgets. According to an industry report, Chinese production has already dropped 5% and is likely to plunge by a further 15% next year. The shortage has been caused by the Chinese slashing the number of breeding birds imported from the UK, France and Netherlands following a bird flu outbreak last year. And with a shortfall in the US and Brazil, Rabobank’s latest Poultry Quarterly report predicts the cost of a roast dinner will go up.
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