Meatco beats SA parity price
11 December 2019 | Agriculture
According to Meatco, the financial difficulties experienced in the 2018/19 financial year, along with the prevailing drought, have created one of the toughest years for the agricultural industry.
“Earlier in the year, Meatco called on its producers to remain resilient, because they know the climatic conditions. Farmers, along with Meatco and the government, have had to come together as a team to ensure that producers receive improved and timely assistance to pull through the trying times,” Meatco said in a statement.
It said its aim is to stabilise local cattle prices as much as possible and soften the price decline as best as it can.
“Despite all the challenges, Meatco strives to help Namibian producers get through these trying times, keeping in mind the future of the Namibian beef industry.”
The company said it did its best to meet the rise in demand for slaughter space.
It said its Windhoek factory ran at more than 95% uptime and slaughtered most Saturdays, notwithstanding a significant reduction in the number of staff. This was highest daily throughput ever sustained by Meatco.
“In line with the Meatco mandate of maximising best returns for producers, it has managed to pay producers well above the South African parity price across all grades, excluding fat equalisation and weight premiums.”