European hot dog and ham prices rising
The rise of the euro against sterling is causing concern to UK traders dependent on European producers of hot dogs and hams. Large increases in chicken costs due to feed inflation will mean a rise in hot dog prices. Apart from feed, demand now exceeds supply so long-term predictions are for the trend to continue. Although pork prices have remained steady, a reduction in total herd numbers recently forecast will mean a rise in prices later in the year. As with all products, the cost of oil will be a factor in higher prices due to freight and fuel charges continuing their upward trend in coming months.