Fast food lovers and grocery shoppers can expect more pain in the hip pocket after Australia’s largest poultry supplier flagged further price rises.
Food prices,from chicken to pâté and fruit paste,are set to increase further as food producers tackle increased cost pressures.
Australia’s largest poultry supplier says it will pass higher costs on to its customers which will push up retail prices of chicken.
No sooner has Opera Australia’s artistic director announced his departure from the national performing arts company than he has listed his Redfern home.
The Omicron wave caused significant disruptions to the poultry supplier that will be reflected in the second half.
Major poultry supplier Ingham’s,which sells chicken products to McDonald’s and KFC,has had to temporarily cut production on some products as its workforce isolates from COVID-19.
The ASX-listed chicken producer Ingham's says the boost from panic buying at supermarkets has stopped.
Optimism on the back of more positive news from the US-China trade war supported the Australian sharemarket on Tuesday.
Investors have slaughtered the ASX-listed poultry producer Ingham's,slashing $256 million off its market capitalisation in a day.