Falling egg prices and poor Zambian harvest hit Quantum Foods

Western Cape-based poultry and animal-feeds business Quantum Foods says falling egg prices and a poor harvest in Zambia has weighed on its half-year profits.

The group said there were higher volumes of eggs sold during the period, but margins were lower as higher supply drove down prices. Feed costs also increased. The group said earnings had risen in its feeds and farming business, the latter due to higher volumes of live birds supplied by its Western Cape broiler farming operations.

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