|Higher Prices For Football Snacks Predicted|
|Monday, 10 September 2012 13:03|
Chicken wings, corn chips, burgers, nachos and other popular football nosh may carry a higher price tag this year due to droughts in the U.S., reports Bloomberg.com.
“Chicken-wing prices are high, but they’re going to get worse,” Phil Kinecki of Duff’s Famous Wings in Buffalo is quoted as saying by Bloomberg.com. “A bunch of our vendors said they’re expecting rises in chicken and beef prices. We’re pretty worried about it.”
Bloomberg reports wholesale wings sold for $1.8 a pound last week, up from 90 cents a year earlier. Nacho ingredients have also gone up 20 per cent. Prices for corn and soybeans jumped 6.2 per cent in July. The USDA reported that domestic food costs will rise 3 per cent to 4 per cent next year, from 2.5 percent to 3.5 percent this year with beef gaining as much as 5 per cent.
Restaurants in Canada could face similar increases since food prices were up 2.1 per cent in the 12 months that ended in July, following a two-per-cent increase in June, according to Statistics Canada’s Consumer Price Index.
For more on football snacks and drought, visit Bloomberg.com.