By Engineering News, 11 Sept 2023
South Africans face the possibility of a chickenless festive season this year owing to a perfect storm of supply shortages and rapid price hikes, says meat wholesaler Hume International.
MD Fred Hume cites data from the Pietermaritzburg Economic Justice and Dignity Group finding that the price of a 10 kg bag of frozen chicken rose by nearly 3%, or R11.33, in just 30 days – from R383.37 in July to R394.70 in August.
Hume expects this high price trend to increase further as local market pressures hit supply chains.
He attributes the runaway prices to three major causes, including non-tariff trade barriers that have blocked imports from major international suppliers; anti-dumping duties levied against South Africa’s most important poultry trading partners; and “underwhelming” supply from local producers that is being exacerbated by an ongoing bird flu epidemic.
Read the full article here: Hume warns of high poultry prices ahead of festive season