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Astral Foods warned that production has been severely hampered by rising load shedding and the worst bird flu outbreak the country has seen. In a voluntary trading statement for the year ended September 2023, the group said it will record a significant headline loss and that poultry stock in the country will come under severe strain.
Load-shedding costs for the year are estimated at about R1.9 billion, including diesel generator costs of R45 million per month.
Constrained poultry output from disease and power outages tightens chicken supply in South Africa, supporting higher chicken prices and imports.
businesstech.co.zaLuke FraserSep 21, 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.
