Business Report said the NAMC found that the real farm value share of chicken over this period decreased by 3.26%, while the real farm-to-retail price spread (FTRPS) of a fresh whole chicken increased by 1.76%.*
The NAMC analysed data sets to compare prices paid by consumers for food with the prices received by farmers for corresponding commodities.
According to the report – compiled by the NAMC’s Corné Dempers and Dr Moses Lubinga – the real farm value share of fresh whole chicken meat reached 55.41% in April.
“From April 2023 to April 2024, the real farm value share decreased by 6.33%, while the real FTRPS increased by 14.97%. This could be due to the competitiveness in the poultry value chain being affected by factors such as imports and high feed prices, among other factors,” it said.
The NAMC reported that lamb and beef farmers also received a smaller share of the retail price, while pig and maize farmers got improved returns.
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* The farm value share is the value of the farm product’s equivalent in the final food product purchased by the consumers. The FTRPS is the difference between what the consumer pays for the food product at retail level and the value of the farm product used in that product.
