JOHANNESBURG - With red meat prices soaring, many South Africans have turned to chicken.
But now there’s a warning that chicken prices could increase soon.
South Africa’s poultry industry is seeing strong growth as cattle farmers battle the impact of foot-and-mouth disease.
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Poultry producer and Nulaid egg owner, Quantum Foods, reported strong growth in earnings for the six months until 31 March the 31.
But it warns that its fuel costs have gone up considerably.
Quantum’s directors say the next six months will be more challenging, not only on the company’s cost structure, but also on the disposable income of consumers.