Meatco beats SA parity price

11 December 2019 | Agriculture

Despite the prevailing drought, Meatco has paid over N$175 million in total above the South African parity price to local farmers.

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.”

STAFF REPORTER

Similar News

 

Venaani makes rainwater plea

1 day - 27 January 2020 | Agriculture

The leader of the official opposition Popular Democratic Movement (PDM) McHenry Venaani has called on people in the north to make use of rainwater to...

Tough road ahead

6 days ago - 22 January 2020 | Agriculture

The disastrous drought in Namibia over the past seven years has forced livestock producers to significantly reduce their herds. They are now faced with cash...

Katima abattoir to start with test slaughtering

6 days ago - 22 January 2020 | Agriculture

ELLANIE SMIT The Katima Mulilo export abattoir is expected to commence with test slaughtering by the end of February, if repairs...

Oriental fruit flies in Zambezi

1 week ago - 15 January 2020 | Agriculture

Oriental fruit flies have been detected in the Zambezi Region, resulting in strict control measures being implemented on the import of mangoes from Zambia to...

No new timber may be harvested

1 week ago - 15 January 2020 | Agriculture

In an update on the timber operations in the Kavango West, Kavango East and Zambezi regions, the forestry ministry has emphasised that no new timber...

Cabinet defied on Amta procurement

2 weeks ago - 10 January 2020 | Agriculture

Only the military and police are procuring their consumables through the Agro-Marketing and Trading Agency (Amta) as per a 2014 cabinet directive that sought to...

Dam levels remain low despite good rains

2 weeks ago - 08 January 2020 | Agriculture

Some inflow over past weekThe latest dam bulletin indicates Namibia’s reservoir levels are at 18.2%, less than half of last season’s 41%.ELLANIE SMIT Despite good...

88 000 livestock die in a year

3 weeks ago - 07 January 2020 | Agriculture

Over 88 000 livestock deaths have been recorded from October 2018 to September 2019 as a result of the devastating drought in Namibia. Over 56%...

Silos run empty

3 weeks ago - 07 January 2020 | Agriculture

ELLANIE SMIT Most government silos stood empty by the end of last November, with stock at only 7.33% of the total holding capacity. The Agricultural...

Household food security worsens

3 weeks ago - 06 January 2020 | Agriculture

Household food security is expected to worsen, particularly in rural areas, according to a drought report released by the ministry of agriculture.This is despite the...

Latest News

No evidence of ritual killing

14 hours ago | Crime

The police are contemplating DNA tests, if the police kitty allows, to identify the young Zimbabwean girl whose charred remains were found in a garbage...

Lightning kills 11 cattle in...

14 hours ago | Accidents

A farmer at Epingiro village in the Kavango West Region's Ncamagoro Constituency suffered a loss when lightning killed 11 of his cattle on Sunday evening....

A day in the life...

14 hours ago | People

Michelline Nawatises Samuel Mayele Nghipandulwa is 23 years old and hails from Ruacana, Oshifo. He started grade one and two at Oshoopala Combined School and...

Land question remains unanswered

14 hours ago | Opinion

We have said before that land reform in Namibia, which is currently a hot topic, should not be politicised. There is a general agreement that...

The importance of a pat...

14 hours ago | Columns

Ester KamatiWe often overlook how important it is for a person to be thanked or praised after they’ve put their energy into something which eventually...

Goals you want to achieve...

14 hours ago | Opinion

Rachel MutotaI want to put all my effort into the new grade I am in, so that I do not have a lack of knowledge...

Judges throw out shocking spliff...

14 hours ago | Justice

A N$4 000 fine or two-year prison sentence for possession of a single two-gram dagga joint worth N$20 was tossed out by two High Court...

Your future in dance awaits

14 hours ago | Youth

Ester Kamati The Ombetja Yehinga Organisation Trust has the main mandate to create social awareness through the arts and has been doing so for the...

The youth speak up

14 hours ago | Education

Elizabeth JosephYoung people all over Windhoek came together this weekend to discuss ways in which the health ministry and the government can make hospital facilities...

Load More