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Astral Foods, one of South Africa's largest chicken producers, expects headline earnings per share to fall 145% to 155%, which would make its first annual loss since its 2001 JSE listing. The company blames load-shedding costs, including feeding birds it could not slaughter on time, and high feed and diesel costs.
It is selling chicken at a loss because price increases have lagged.
Financial strain at a major South African producer reflects the feed and energy cost squeeze on local poultry. Reduced bird numbers and slaughter backlogs could lower domestic feed demand over time, with limited direct effect on world grain prices.
businessday.co.zaNico Gous31 oct 2023Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
Tras 105 eventos alcista de macro pasados, ULSD / Diésel se movió una mediana de -0,4 % en 5 sesiones (45% al alza; mitad central entre -3,4 % y +1,8 %), y +1,2 % en 20.
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