Quantum Foods expects another year of bumper profits, but signalled that high feed costs were starting weigh on it. For the past two years or so, poultry producers have benefited immensely from lower input costs, which came courtesy of a bumper summer grain harvest and a relatively a stronger rand. The primary ingredients in poultry feed are maize and soya. Maize prices have since bottomed out and have been steadily rising in recent months, while the rand has been much weaker of late.

Quantum Foods, which was unbundled from food producer Pioneer Foods several years ago, expects headline earnings per share to rise at least 219% in the year to September, from the matching period a year ago.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now