Cheap hot chooks here to stay

At the start of the year, Australia’s No. 2 supermarket Coles slashed the price of a roast chicken to $8, from $11. Its bigger rival Woolworths quickly followed suit, cutting prices to $7.90.
Investment bank Morgan Stanley said the roast chook blitz was designed to attack German discounter Aldi, and has been good news for Ingham’s, Australia’s biggest chicken producer which is soon to deliver the year’s biggest sharemarket float. Sydney Morning Herald – Read more…