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South Africa's trade commission cut import duties on chicken through temporary rebates of 25% to 30% after a bird flu outbreak. The commission estimates a 172,000-tonne shortfall in poultry products this year that imports should cover.
Port problems could limit how much cheaper chicken reaches consumers.
Lower import duties should pull in more foreign chicken and ease local shortages, which weighs on domestic chicken prices. Port delays could blunt that effect.
news24.comNa'ilah EbrahimJan 30, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
