Quantum Foods profit plummets in ‘most challenging’ period
Feed and poultry producer says rising input costs are hammering its egg division
Egg prices must rise significantly for the industry to remain sustainable and recoup the higher cost of chicken feed, according to Quantum Foods CEO Hendrik Lourens.
He was speaking at the feed and poultry company’s half-year results to end-March in which the company’s Nulaid egg division posted a R78.5m loss, having had a R12.6m loss in the first half of 2022...
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