November 15, 2007

UK feed costs to push turkey prices up 10 percent

The high prices of wheat this season will trigger the increase of turkey prices  10 percent, according to Paul Kelly of Kelly Turkeys.

Kelly said that NFU cost analysis has shown that Christmas turkeys in the UK will average  10 percent higher than last year. Due to massive cutbacks in this year's production, turkeys will be in short supply for Christmas.

Prices for mainstream turkey will most likely be up by 22 percent. The top-end turkeys however, are not price sensitive.