The German slaughterhouse group asks retail for higher prices

Published 2022년 1월 15일

Tridge summary

Tönnies, a German slaughterhouse group, has announced significant price increases for poultry and beef due to supply shortages and labor and raw material shortages. The loss of Ukraine as a supplier of chicken fillet has led to a shortage of 3,000 tons of the product weekly, and the beef market is already stretched, with prices hitting a record 4.50 euros per kilo. Additionally, the cost of labor, transportation, and other inputs like electricity, gas, oil, fat, mustard, breadcrumbs, and packaging is rising, leading to higher production costs. In response, Tönnies and other meat processing companies are imposing price surcharges on retailers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The German slaughterhouse group had previously announced to the supermarket chains that a price increase would be necessary. Now, according to the letter sent to retail on March 10, this has become unavoidable. With regard to poultry meat, the supply of chicken fillet from Ukraine has come to a complete standstill. As a result, the group is short of 3,000 tons of chicken fillet every week. In addition, poultry farmers are suffering from the loss of Ukraine as a raw material producer, causing significant shortages. According to Tönnies, this can lead to the loss of production in our own country. Beef was already overstrained The beef market was already overstretched. Prices are high and have risen by 10 cents this week to a record price of 4.50 euros per kilo. Another 10 cents will be added next week, says Tönnies. There are simply not enough cattle for slaughter. By Easter, the supply could dry up completely. The offer can only be maintained with a considerable financial effort. ...
Source: Nieuwe Oogst

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.