Local prices declining
Average pork prices decreased by 4% since the last week of December. Compared to the same week last year, the average pork price is 5% lower. “Prices of poultry, beef and mutton also decreased. Pork prices may follow the decline in the prices of other livestock to stay competitive,” says Isabel Bröcker, who heads SAPPO’s business intelligence division.
“The underlying impact of foot and mouth disease, with the suspension of beef exports, must also be taken into consideration.
During January, prices are usually lower, as consumers are still recovering from the festive season.”
Bröcker said that she expects feed prices to increase as it is estimated that less than
2 000 000 ha maize were planted this season. Maize is the largest component of feed rations for pig producers and maize prices are expected to increase due to the drought.