Poultry meat prices in South Africa experienced an exceptional increase in the three months to end March this year due to steady import demand from leading importing countries, the National Agricultural Marketing Council (NAMC) said on Friday.
According to the NAMCs Poultry Products Price Monitor, domestic producer prices for whole fresh chicken, frozen chicken and IQF chicken pieces increased by 9.40%, 7.54%, and 2.54% respectively during the first quarter of this year, compared to the final quarter of last year.
The report tracks the cost of different chicken meat products in South Africa, compares them to current global poultry market trends and makes appropriate recommendations.
The NAMC said the recent trend in producer prices could be attributed to several factors.
Notably, the recent drought incidents disrupted feed production in numerous places around the world, which led to increased cost of certain inputs, it said.
