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Localization policy is expected to cause a 20% increase in poultry prices in South Africa

 Last Update: 2021-10-19
 Source: Internet
 Author: User

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24 hours, according to the South African news website reported on October 12, although the South African government is taking measures to support local poultry enterprises, but poultry producers fear localization policy may lead to family poultry products prices rose
.
The South African Ministry of Trade and Industry has implemented a localization policy for the poultry industry since May this year.
Its goal is to promote local procurement to reduce product imports by 20% to support economic growth and help create jobs
.
According to data from the South African Bureau of Food and Agricultural Policy (BFAP), in 2020, South Africa imported a total of about 460,000 tons of poultry products and exported a total of nearly 52,000 tons of poultry products
.
ChickenFacts, a poultry organization, said that due to insufficient production capacity in the short term, it is expected that localization policies may lead to a 20% increase in South African poultry prices and at the same time cause the South African poultry industry to lose possible trade opportunities
.

Poultry product prices

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