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Inflation & Prices

Chicken Prices to Spiral Further in Australia as Inflation Bites

  • Top poultry processor flags higher costs, inflation pressure
  • Poultry prices have already risen significantly this year

Consumers in Australia face further price hikes for chicken, one of the country’s top poultry processors warned on Friday, as the world’s most consumed meat gets pricier around the globe.

Inghams Group Ltd. flagged further price increases as it faces ongoing inflation and supply chain disruptions that have hit profits. It warned that the challenging trade environment would persist, with rising feed costs in particular pressuring operations.