The wholesale prices of the ingredients of a Christmas dinner have risen for the third year in a row, according to figures from Mintec.
But it added the increases have not been as sharp as those seen in 2011 and 2012. The wholesale cost of ingredients for the Christmas dinner is £1.53 per kilo this year, compared with £1.50 per kilo last year.
Mintec reported the price of turkey has increased throughout the year, with UK turkey production down 5 per cent year-on-year in the first 10 months of 2013. “The fall was due to a lower number of young turkeys placed on farms in the first half of the year because of high feed costs,” it said.
The report added the price of potatoes also increased sharply in the first few months of this year because “the wet weather in 2012 led to a bad harvest and poor conditions for potato storage”.
The better weather during the summer of 2013 improved potato crops, leading to a fall in prices from the middle of the year.
Mintec added: “The prices for root vegetables have fallen year-on-year due to good harvest, while pork prices have increased due to high demand and tight supplies.
“[The price of] Brussels sprouts have fallen due to good weather during the growing season leading to a much larger crop than seen in 2012.”