The Namib Poultry Industries, NPI, is expected to announce a price increase on chickens and chicken products around the middle of October. The anticipated increase will be 12-comma-five percent. This means that the current price of chicken at retail shops, which is 39-dollars-99 cents per one-comma-five kilogram, will increase to 44-dollars-99 cents when the increase comes into effect. Making the announcement at a media briefing in the capital on Friday, the Managing Director of Namib Mills, Ian Collard, said the increase is due to several factors. Collard explained that the current price of chicken, or broilers, is lower than that of some countries in the Southern African region such as Botswana, Zambia, Mozambique and Mauritius, which makes it difficult for NPI and producers in South Africa to be viable. Other factors are the cost of electicity, water, fuel and chicken feed. These factors, he explained, make the pricing of chicken too cheap to facilitate local production. Collard pointed out that other countries have industry protection and an increase locally will make the price more in line with what NPI envisage as the trend line prices for the near future. Besides the fact that some of these products are locally manufactured or processed, prices are still skyrocketing, where is it going? Share your views with us...
Posted on: Fri, 27 Sep 2013 13:58:00 +0000