British Columbians will pay more for chicken
Is there any order for the drinks? Adil Jahangir caters to customers on a limited budget at his Five Chicken World locations. The fast poultry boss says the cost of his key ingredient has gone up 18% in two years, but he's only increased his prices by 5 to 6%. It's, it's, it's tipping off like it's going to be very difficult to carry on with the same pace. For the first time, the BC board has decided to move forward with ABC. Based formula before the price was was set by Ontario. The BC Chicken Marketing Board says the single largest cost to farmers is feed, which has increased substantially. The live price of chicken that a farmer receives in BC has decreased by 12.71 cents per kilogram compared to a year ago, or 5.65% less. The BC Farm Industry Review Board has approved the board's proposal for a new pricing formula. Based on the cost of production, but that will likely actually push prices higher. BC wholesale and retail chicken prices are already on average the highest in the country, according to Restaurants Canada, which says it purchases about 40% of all BC grown chicken. Consumers, it says, can expect to pay more. When we initially heard about the proposal for a 17 cent to $0.25 increase per kilo of live chicken, we extrapolated through the process that that would roughly result in about a 10% increase once all these increases are flowed through in the next years. Chickens in the Lower Mainland average between 9:00 to $11.00 per kilogram. Across the border in Bellingham, a whole chicken often sells for less than $4.00 Canadian per kilogram. It's hard for us to even survive if we do not increase prices at all. With the cost of living already so high, Chicken World CEO hopes government will consider incentives to ease any more poultry price pain. That's going to be very hard hike to do. If the prices of chicken when I go up, people don't have money to pay more. Kristen Robinson, Global News.