Astral flags higher prices as feed costs bite
Chris Schutte, CEO of SA’s biggest poultry group, says there is some room to move on price increases
17 May 2021 - 09:54
UPDATED 17 May 2021 - 18:07
SA’s biggest poultry group, Astral Foods, says it will be looking to pass on surging feed prices to the consumer in coming months, as the industry grapples with cost pressures that have recently seen at least one smaller producer enter bankruptcy protection.
Astral accounts for more than a quarter of SA’s poultry production, but has now been effectively subsidising the consumer for the past 13 months, with the entire industry now under pressure as soya and maize prices jump, CEO Chris Schutte told Business Day...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.