Skip to main content

Chicken prices increase by 6%

| Economic factors

The price of chicken rose 6 percent year-on-year in January as compared with the same period a year ago. “The price of chicken has increased significantly over the past year. There are a few reasons for this increase, but it shows that different countries have scaled down on production so the stock levels are low.

This pushes the price up a bit. The other reason is that the avian flu in Europe has led to a decrease in supply of the chicken meat,” said Paul Makube, a senior agricultural economist at FNB.

However, Makube said chicken still remained the cheapest meat available.

Wandile Sihlobo, the head of economic agribusiness and intelligence at Agbiz, said it depended on the chicken portions because they were not priced the same by the retailers.

“The price of chicken has gone up to R43.69kg,” he said.

BUSINESS REPORT

Pin It

Related Articles

South Africans are resilient people who are always ready to seek solutions for problems, even if the trials they face are caused by events that are beyond their control. An empowering example of this approach to life is the use of grocery stokvels...
In response to rising food costs, The SPAR Group offers practical tips for beating food inflation through savvy shopping and creative cooking.
By: Myles Illidge – MyBroadband South Africa’s Road Accident Fund (RAF) tax and General Fuel Levy (GFL) add between R272 and R483 to the price of a tank of fuel, depending on the size of your car’s tank.
By: Shaun Jacobs – Daily Investor Major changes are coming to VAT in South Africa, with the government looking to expand the range of food items exempt from the tax. 
By: Hanno Labuschagne - MyBroadband An anticipated strengthening of the rand and slipping global oil prices could result in lower petrol prices at the pumps next month.