Consumers to pay more while farmers get less

Consumers can expect to pay between 12% and 15% more for their food in the coming months, but this does not translate to more money for the farmer.

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“There are huge surplus stocks of chicken and producers will have to start emptying their freezers at some point. This will lead to a big price reduction in frozen chicken. The profitability of chicken farming is gone which will result in a severe cut in production,” said Ernst Janovsky, head of Absa Agribusiness.