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Newsletter - 8 August 2024
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In our first Newsletter of August, the big news is the call for VAT free chicken. ChickenFacts is monitoring the conversation and any move that could benefit South African consumers.
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We also bring you the latest food inflation stats from BFAP (Bureau for Food and Agricultural Policy) which gives insight into why consumers need a break. BFAP provides us with fact-based consumer insights.
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Lastly, we remind you that the latest import and export stats for June 24 are out. ChickenFacts continues to ensure fact-checked statistics and information.
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ChickenFactsNews - VAT Free Chicken?
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Consumer ChickenFactsNews is monitoring the developments around the call for VAT-free chicken which would most certainly be welcomed by consumers. Chicken accounts for 66% of meat consumption in South Africa as its most affordable meat protein source, however cost-of-living remains a major concern for cash-strapped South African Consumers.
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Food Barometer - Poultry Inflation 2024
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The June 2024 Brief on Food Inflation by the Bureau for Food and Agricultural Policy (BFAP) indicates that poultry prices for Individually Quick Frozen (IQF) pieces remains on a downward trend in 2024 following the high prices experienced during late 2023’s Avian Influenza outbreak.
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For all the Year-on-year IQF prices and an objective analysis, delve into the report.
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Poultry Analysis - 8 August 2024
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The latest SARS Trade Statistics for June 2024 is out: Total chicken imports (excluding Mechanically Deboned Meat) have risen by 8% year-on-year. This increase is primarily due to a rise in imports of chicken offal’s and chicken carcasses. Total chicken exports have experienced an overall decrease of 4% year-on-year This decline is most pronounced in whole birds and chicken cuts and offal’s fresh/chilled which has decreased by over 20%.
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Don’t miss the crucial fact-checked stats.
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