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Post forecasts that chicken meat production will increase by two percent in 2023 as a result of economic recovery, normalization of feed costs, and increased investment by the industry due to anticipated high revenue from market year 2022.
On March 16, 2021, the International Trade Administration Commission (ITAC) announced plans to review the tariff structure of poultry.
South Africa’s well-developed food processing sector has been under pressure since the March 2020 national lockdown due to COVID-19, which imposed many restrictions on the food industry.
Post forecasts that the South African sugar cane crop will increase by 3 percent to 18.8 million Metric Tons (MT) in the 2021/22 MY, based on normal weather conditions, improvements in yields, and marginal increases in area planted.
Post predicts that South Africa’s positive trend in soybean plantings will continue in the 2021/22 MY in line increased local crushing capacity.