FRED HUME: Food price tsunami looms

Forget winter — beware the coming SA spring if the government doesn’t intervene now to manage the imminent tidal wave of food price inflation heading our way.

In response to rampant prices, cash-strapped consumers around the world are turning to chicken as a cheaper source of protein to ease some of the pressure on their pockets. Importers face many of the same obstacles as local producers in terms of erratic electricity, water shortages, dysfunctional ports and infrastructure. In addition, though, importers are also facing challenges such as a weaker rand, a fivefold increase in freight costs, as well as high duties ranging from 62% to 82%.

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