Food Basket Barometer – Poultry Inflation 2024

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 has remained on a downward trend in 2024 following the high prices experienced during late 2023’s Avian Influenza outbreak.

Year-on-year IQF prices have dropped by 14.0% in June 2024 as a result of stronger production, weak consumer spending and a slightly stronger Rand, which reduces the cost of imported products.

Month-on month poultry prices have seen a decrease of 2.0% due to the large supply from Brazil.

For all the Year-on-year IQF prices and an objective analysis, delve into the report here.

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