Margin pressure in poultry division weighs on Astral Foods
Profit plunges almost 50% as CEO says the group experienced big selling price deflation
19 May 2025 - 08:59
UPDATED 19 May 2025 - 18:02
SA’s biggest poultry producer, Astral Foods, said it had to subsidise the cost of producing chickens in the first half of the 2024 financial year as it could not pass it on to consumers due to market dynamics.
The company on Monday said margin pressure in the poultry division negatively affected the group in the period under review, resulting in an almost 50% slump in profit...
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