Poultry producers' recovery
South Africa's poultry companies have had a rally in their share prices over the past year as a slump in the maize price boosted confidence in higher profits. Jaco Visser spoke to company officials on the outlook for the poultry industry in South Africa.
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South African poultry producers listed on the Johannesburg Stock Exchange (JSE) have returned handsome capital growth to investors who stuck with them while higher imports and expensive maize squeezed the companies' profits during 2012 and 2013. The price of maize, which constitutes the bulk of poultry companies' cost base, has since slumped, giving chicken producers breathing room to recover their margins...
Read the full story on http://www.farmersweekly.co.za/.