Aren't Inghams in NZ as well
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yes winner just checked they are NZ chickens.Still a good price though
It is a big worry when I see my own mother buying 2 full size whole chickens from Inghams for $20.
Intuition tells me that Tegel might have trouble maintaining 52% market share this time round.
We will find out soon enough if I should have taken heed from the empirical evidence around me, or if sticking to my macro approach is the way to go for this kind of investment.
Interesting
Production steadily increasing from JUne 14 to June 17 at rate of ~8% pa
Breast Chicken retail price declined resonably steadily at ~5.5% pa
Tegel Gross Margin by half year from H116 has been 25.1%, 25.5%, 23.1% and 24.1% in H217 (March)
Looks good on chart but can't post at the moment
Just remember a significant portion of sales is now coming from value added products, where commodity prices typically have a lower impact and where often substandard product can be turned into high margin.