Meat Price Update

Meat Brothers Meat

Beef producer prices have remained relatively stable over the past few months, despite increased transport and labour costs. However, given the sharp depreciation in the Rand in the last few weeks and the large increase in the price of petrol, we are waiting to see what effect this has on meat prices. We believe that prices will unfortunately rise as producers seek to recover increased costs and import parity prices rise. We also believe that ,as normal, prices will increase towards the end of the year. We at Meat Brothers are mindful of the current situation in the economy and will endeavour to hold prices where possible.