Rising food costs take a bite out of Thanksgiving dinner
2 years, 4 months ago

Rising food costs take a bite out of Thanksgiving dinner

LA Times  

Thanksgiving meals will be more expensive this year, with double-digit percent increases in the price of turkey and other holiday staples. Jordan predicts the wholesale price of a frozen, 8- to 16-pound turkey hen — the type typically purchased for Thanksgiving — will hit $1.77 per pound in November, up 28% from the same month last year. Egg prices would have been higher even without the flu, Anderson said, because of the rising cost of the corn and soybean meal used for chicken feed. Add that to rising prices for canned pumpkin — a 30-ounce can is up 17% from last year, according to market researcher Datasembly — and it’s clear Thanksgiving dessert will be costlier too. Nestle-owned Libby — which produces 85% of the world’s canned pumpkin — said pumpkin harvests were in line with previous years, but it had to compensate for higher labor, transportation, fuel and energy costs.

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