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In our first October newsletter, ChickenFacts presents an optimistic outlook on chicken demand and supply in South Africa for the period 2024-2030.
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Our feature article explores the potential benefits and impacts of VAT-free chicken.
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Additionally, we include critical feedback from the Association of Meat Importers & Exporters (AMIE) regarding the Government's Poultry Sector Master Plan.
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Our second feature addresses the current inefficiencies in Border Management Authority permits affecting meat importers, which may have implications for the upcoming festive season's meat demand.
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Lastly, we provide the latest insights from the Food Basket Barometer, focusing on August 2024 poultry and food inflation statistics provided by the Bureau for Food and Agricultural Policy (BFAP).
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ChickenFacts remains committed to delivering accurate statistics, developments in the local poultry industry, and global poultry industry news.
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ChickenFacts News: Outlook for Chicken Demand and Supply in South Africa
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After significant price hikes in 2022 and 2023, poultry prices are expected to stabilise over the medium term, providing much-needed relief to consumers. This anticipated relief is largely due to a stronger Rand and increased production from major suppliers like Brazil.
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AMIE Bemoans Costly Inefficiencies for Meat Import Permits Following BMA Changes
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The Association of Meat Importers and Exporters (AMIE) has raised concern about the significant delays in the issuance of meat import removal permits, stating that the process used to take two days but is now taking between eight and nine days, following revised requirements by the Border Management Agency (BMA).
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Food Basket Barometer - 10 October 2024
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The August 2024 Brief on Food Inflation by the Bureau for Food and Agricultural Policy (BFAP) indicates that poultry prices, especially for Individually Quick Frozen (IQF) pieces, remained largely stable, showing just a 0.7% month-on-month rise.
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