Advertise with fastmoving.co.za
 
 

The Department of Trade and Industry has said preliminary research shows that the pork industry has been the hardest hit following an outbreak of listeriosis.
The Department of Trade and Industry has said preliminary research shows that the pork industry has been the hardest hit following an outbreak of listeriosis.

Local processed meat demand down 75% due to listeriosis

ECONOMIC NEWS

By Renee Bonorchis, Bloomberg - Jun 13th 2018, 09:43

The Department of Trade and Industry has said preliminary research shows that the pork industry has been the hardest hit following an outbreak of listeriosis. 

“The demand for processed meat has dropped by 75% and the demand for pork cold cuts by 50%, with an estimated decline in profits of 40%,” the department said in an emailed statement that contained responses to questions in parliament. “According to data from the Pork Producer’s Organisation, two plants and one abattoir have closed down."

Health Minister Aaron Motsoaledi said in March that the outbreak of listeriosis had killed at least 208 people since the start of 2017 and infected 1 038.

It was traced to ready-to-eat processed meat products. Tiger Brands the country’s biggest food producer, closed factories for cleaning and has recalled and incinerated more than 4 000 metric tons of products. It said in May the plants will probably stay shut most of the rest of the year.
Fin 24 

Related News

South Africans are spending less on their weekly shopping trip
23/05/2019 - 09:44
Tiger Brands, which carries brands including Koo canned foods, All Gold, and Tastic rice, said that revenue from continuing operations fell 2% to R15.4 billion in the interim period.

Another recession in 2019 is probable, warns Old Mutual economist
22/05/2019 - 10:21
SA will probably enter another recession given the weak performance in the first quarter of 2019, Old Mutual Investment Group chief economist Johann Els warned.

Tiger Brands reports lower sales in wake of the listeriosis crisis
22/05/2019 - 09:29
Tiger Brands, which was named as the culprit in the 2018 listeriosis outbreak, says sales in the six months to end-March edged lower because of a slump in processed-meat sales and weak revenues from outside SA.

Contraction in economy looms in the first quarter
17/05/2019 - 09:16
Weak performances in the retail, mining and manufacturing sectors, which bore the brunt of the most severe power cuts the country has experienced yet, indicates that the economy contracted in the first quarter of the year.

Retail sector barely budged in March
16/05/2019 - 09:54
Consumers were under pressure in March with a 74c/l hike in the petrol price and slightly higher inflation.