Respected economist Mike Schussler made some telling points in his recent article, but omitted many other very relevant issues and also skilfully dodged a few .
Schussler also omits to tell us that there is a huge difference in product. Local chicken’s primary income source, which equates to over 60% of sales, is individually quick-frozen mixed portions. The current case is about leg quarters, which represent somewhere around 5% of local poultry sales. Schussler may well be correct that dumping is occurring, but he seems to forget the most relevant issue of all — dumping must be proven to have caused “material” injury. Material means substantial. Reading annual reports and media releases from reputable and well-run local poultry companies, they openly concede that their biggest profit destroyer over the last few years has been the huge increase in feed costs, which represents some 65% of total “live costs of producing a broiler”.
EricWalker01 𝗶𝘀 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁, 𝗵𝗲 𝗵𝗮𝘀 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝘀𝗸𝗶𝗹𝗹𝘀. 𝗬𝗼𝘂 𝗰𝗮𝗻 𝗰𝗼𝗻𝘁𝗮𝗰𝘁 𝗵𝗶𝗺 ,𝗵𝗶𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗶𝘀 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝘆𝗼𝘂 𝗰𝗮𝗻 𝘁𝗿𝘂𝘀𝘁
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.