COMPANY COMMENT: Crisis talks intended to secure the henhouse
Poultry industry stakeholders and government tackle what all now agree is a crisis
Parties to SA’s poultry producing industry, including labour, are meeting government officials to tackle what all now agree is a crisis. Companies such as RCL Foods are set to shed thousands of jobs. This they blame mainly on rising imports of cut-price chicken portions from Brazil and the EU. South African producers say the imports constitute dumping. The talks could result in a rise in the recent 13.9% provisional safeguard duty imposed on bone-in chicken imports from the EU. Producers had applied for a 37% duty. But there has also been widespread drought. Agri SA senior economist Hamlet Hlomendlini says recent good rains are likely to have been beneficial to maize production and the prices of grain foods and grain-fed chickens.
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