Turkey prices in the US have risen sharply this year and may be the most expensive Thanksgiving

Published 2021년 11월 9일

Tridge summary

The article highlights the upcoming potential for Americans to experience the most expensive Thanksgiving due to significant price increases in the main dishes for the holiday. The primary factor contributing to this surge is the near-doubling of turkey prices since 2019, largely attributed to the high cost of corn, a crucial feed source for turkeys. Furthermore, the prices of other traditional Thanksgiving meals such as potatoes, mixed vegetables, biscuits, and apple pie have also seen notable increases. A global food price index report by the United Nations reveals that October prices reached their highest since July 2011, marking a 31.3% increase from the previous year, with inflation pushing the index to a 45-year high.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a report by Yewendo of CNBC from Singapore, as the prices of the main side dishes of Turkey and holiday meals rise across the country, there are still two weeks before Thanksgiving in the West, Americans May experience "the most expensive Thanksgiving ever." NBC Financial Channel Ye Wenduo: According to data from Wells Fargo, the price of turkey in the United States has nearly doubled from the level in 2019. The latest turkey market report released by the U.S. Department of Agriculture on November 5 shows that the national average turkey Prices have risen sharply over the same period last year. Compared with the average level of the previous three years, the increase has further expanded. One of the main reasons is the high price of corn, which is the main feed for turkeys. Last year, the price of corn on the Chicago Mercantile Exchange rose by nearly 40%. %. Supply chain bottlenecks and labor shortages have also pushed up prices in Turkey. In addition to turkey, the ...

Source: SXNCB