NO HEAD­WAY

Finweek English Edition - - INVESTMENT - Si­mon Brown

The im­port tar­iffs on chicken have been an­nounced and it re­ally doesn’t help the lo­cal in­dus­try in the least. Sure, it got in­creases, but the key area was the bone-in chicken pieces from Brazil and the Euro­pean Union and it only got an ex­tra duty of 220c/kg for the bone-in cuts and this ex­cludes those com­ing from the Euro­pean Union. The bone-in cuts are what is hurt­ing the in­dus­try and, while an ex­tra 220c per kg helps, it does not solve the prob­lem as wit­nessed by the lack of re­sponse from the share prices. I am stay­ing away from the poul­try com­pa­nies. si­monb@fin­week.co.za

@Si­monPB

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.