Dramatic drops in the prices of sheep and cattle have not yet materialised as super savings on red meat at supermarkets.
Supermarket prices for red meat are not falling as fast as plummeting livestock markets, which slid so much over the past year that some, sparking calls for greater supply chain transparency and an inquiry into major retailers.
“We need to look into the people in the middle, between the farmers and the consumers – that is: processors, retailers and others. Businesses are systematically slow to pass on price falls and quick to find excuses. Rural Bank senior agricultural analyst Michael Curtis said that while retailers had been slow to lower meat prices, the same scenario had played out in reverse in 2021 and 2022, when retailers had been slow to raise their prices in response to record high livestock prices.
Meat and Livestock Australia is the red meat industry’s statutory marketing and research organisation. Its information and insights manager, Scott Cameron, said farmers were constantly asking him why their low prices are not being passed through the middlemen to shoppers.Cameron said it typically took eight months for livestock prices to flow through the supply chain, through meat processors and onto supermarket shelves.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cops’ dramatic move to find mass shooterPolice in the US state of Maine have said they will begin searching a river in the search for Robert Card who is accused of murdering 18 people in what has become this year’s most deadly US mass shooting.
Read more »
‘It’s not just me being dramatic’: The diagnosis that changed this musician’s lifeCarla Geneve’s arresting new album Hertz explores her bipolar disorder lyrically, narratively and sonically.
Read more »
‘It’s not just me being dramatic’: The diagnosis that changed this musician’s lifeCarla Geneve’s arresting new album Hertz explores her bipolar disorder lyrically, narratively and sonically.
Read more »
‘It’s not just me being dramatic’: The diagnosis that changed this musician’s lifeCarla Geneve’s arresting new album Hertz explores her bipolar disorder lyrically, narratively and sonically.
Read more »
Free sheep, but lamb pricing is still woollyDramatic drops in the prices of sheep and cattle have not yet materialised as super savings on red meat at supermarkets.
Read more »
Strudel, meat-free carbonara and shrimp: Yotam Ottolenghi’s recipes inspired by the moviesScenes in the films we love that involve food often acquire iconic status. Are we fascinated by the logistics, or do they just make us hungry?
Read more »