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Industry insiders and economists expect South African consumers to pay more for chicken meat and eggs as the sector confronts its worst highly pathogenic avian influenza epidemic to date. Shortages in commercial table eggs are already appearing, and chicken meat shortages may last well into the holiday season.
The industry also anticipates a major increase in imported chicken before December, while fuel price increases and rolling blackouts add to costs.
Reduced local flock size and rising import needs point to firmer chicken prices and stronger import demand, with higher production costs adding further upward pressure.
allafrica.comJerry ChifambaSep 29, 2023Not 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.
