JOHANNESBURG - Fishing group Oceana is facing a shortage of frozen raw fish, but says its iconic Lucky Star brand has helped cushion the impact.
In its trading update for the 11 months to the end of August, Oceana reported a 9 percent decline in canned fish volumes and said it was unable to meet demand for canned pilchards.
Overall sales volumes fell by 5 percent.
However, the company said improved operating profit from its Lucky Star business helped offset some of the pressure.
A better local pilchard catch and strong meat sales also partially cushioned the impact of production losses.