Meat prices in South Africa have come down significantly since the start of the year, which should make it cheaper to host a braai this coming festive season relative to pricing at the end of last year.
Meat prices in South Africa have come down significantly since the start of the year, which should make it cheaper to host a braai this coming festive season relative to pricing at the end of last year. The BFAP ’s Food Inflation Brief for October shows that meat pricing in the country is generally trending along the same lines as the international FAO Meat Price Index, which declined in October by 0.6% from September. This was underpinned by a reduction in pig meat prices (-3.
7%), given high exportable supplies in the global market and low import demand, specifically from East Asian countries, the group said. However, prices for other meat types, including poultry, bovine and ovine meats, followed an upward trend (by 1.3%, 0.5% and 0.4%, respectively). In the global poultry market, prices were pressured by supply constraints given the prolonged period of high feed costs and the continued avian flu outbreaks in leading producing countries (i.e. EU and USA), while consumer demand was firm as poultry meat remained affordable relative to other meat types
Meat Prices South Africa Braai Festive Season BFAP Food Inflation Brief Pig Meat Prices Poultry Bovine Ovine Meats International FAO Meat Price Index Supply Constraints Avian Flu Outbreaks
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