Recently, Japan has seen a sharp rise in the price of chicken, coined as the "chicken shock" in local media. Factors driving this include the increasing cost of poultry feed resulting from surging global grain prices, and the disruption in supply chains due to the pandemic. Consequently, the rise in prices has put a strain on both households and businesses, especially those in the food industry.
In Japan, chicken is a widely consumed meat and is a staple in many traditional dishes. Thus, the sudden increase in price not only affects households, but also restaurants and food businesses, causing a significant ripple effect on the food and groceries market. It's also a social issue as affordable food is viewed as essential in Japan's comprehensive welfare system.
Much like in the US and EU, Japan's poultry market is affected by global commodities prices and supply chain disruptions, though Japan relies more on imports due to limited domestic production. The rise in chicken prices also mirrors general inflation trends seen in other industrialized countries following the pandemic.