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10 Aug 2022 4:36
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  •   Home > News > Business

    New Zealand's largest chicken supplier is raising prices

    New Zealand's largest chicken supplier is raising prices

    2 July 2022
    Tegel has announced the "roughly 10 per cent" price hike will begin this month.

    It comes as annual food price inflation grew 6.8 per cent in the 12 months to May this year as the country grapples with a cost of living crisis.

    Tegel chief executive Egbert Segers says rising costs in labour, transport, fuel and logistics have hurt many businesses, including his own.

    Mr Segers noted he war in Ukraine had compounded existing problems relating to grain demand and prices that have reached a 20-year high.

    © 2022 Newstalk ZB, NZCity


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