Brits could be in a flap this Christmas with a potential shortage of turkeys and increased prices predicted, according to Britain’s leading purchasing company, Beacon.
Recent insight reveals that the UK has the lowest number of domestic turkey producers on record in recent years, and with three quarters of the supply from major Brazilian producers currently banned, EU producers are feeling the pressure.
Approximately 10 million turkeys are eaten in the UK each year according to British Turkey, with at least 76% of people in Britain expected to tuck into the festive favourite for their Christmas dinner.
With increased seasonal demand reducing availability and driving up prices, the cost implications on this traditional table topper could reach as far as the everyday consumer.
Alice Bexon, Beacon Purchasing Manager, commented: “Our insight implies that we may well see a shortage of turkeys this Christmas as the result of a culmination of different global factors in 2018. While large retailers will have their turkey quota already assured, we may see independent retailers and hospitality businesses being hit hardest by lowered stock levels and increased prices. These increases may have to be passed on to the consumer in order to make ends meet in an already challenging and competitive market.
“This comes at a time when economic uncertainty is at its highest; with Brexit just around the corner, the future of supply chains, particularly in the hospitality sector, is under question. Coupled with increased costs being seen across many food and drink items we may see Brits swapping their traditional turkey for alternatives such as goose, chicken or vegetarian options. Family feasts around the country could look quite different this Christmas!”