Tegel signals further poultry price increases as losses mount

Australia is Tegel’s biggest export market and has poultry operations in both the North and South Island. (Image: supplied)

Denise McNabb

Tue, 09 Nov 2021

Tegel Foods is eyeing further price increases next year as the poultry business continues to battle rising costs across the board.The country’s largest poultry producer increased chicken prices by 10% in August but chief executive Egbert Segers said it was possible prices would rise again next year because of significant increases in labour, feed, energy and supply chain costs.Tegel’s holding company, Bounty Holdings New Zealand, part of Philippines-based poultry company Bounty Fresh Foods, in turn, owned by Inoza Foods, has suffere...

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