eggs post double inflation rates

Chamwe Kaira Chicken and eggs in South Africa where Namibia imports most of its food needs have consistently posted double digit inflation rates in recent months, research by Simonis Storm Securities have shown. One of South Africa’s largest chicken producers by revenue, Astral Foods Ltd, forecasted about N$45 million diesel expenses per month due to power outages. It cost them N$741 million in the first half to sustain their chickens for longer since load shedding caused delays in their slaughtering and so consumer prices are inflated. “Locally, higher chicken feed and transport prices continue to raise consumer prices from domestically…