Food prices inflation could hit “double-digits”, according to the owner of Britain’s biggest chicken producer, who warned yesterday that the industry faced soaring costs that made cheap food no longer sustainable.
“Food is too cheap, there’s no point avoiding the issue,” Ranjit Boparan, 54, said. “In relative terms, a chicken today is cheaper to buy than it was 20 years ago. How can it be right that a whole chicken costs less than a pint of beer? You’re looking at a different world from now on where the shopper pays more.”
Boparan, the owner of 2 Sisters Group who is known as the Chicken King, said that higher prices were inevitable because of inflationary pressures throughout the supply chain.
The cost of animal feed has