I agree that chicken is underpriced in Australian retail outlets and note that ING seems to have been able to have price rises for some lines agreed to by supermarkets like COL, MTS' IGAs and WOW (off a low base) but with agriculture booming, there's very good demand for stockfeed so I can't see the latter changing in the short (or perhaps medium) term.
(Disclosure: I hold RIC that appears to be very competently run. I previously held ING but sold at around A$3.40).
Suspect ING's 2H 22 will be difficult, especially since it's likely that sick leave staff absences from processing facilities may continue to be high during this autumn and winter.
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