Astral Foods backs Competition Commission's poultry market inquiry

MAJOR poultry producer Astral Foods has welcomed the Competition Commission's Poultry Market Inquiry (PMI), saying it provides an important opportunity for constructive engagement on the structure and competitiveness of South Africa's poultry value chain.

- BANELE GININDZA

In a statement on Friday, the JSE-listed company said it supported the inquiry's objectives and would use the platform to highlight the role of integrated poultry production in strengthening food security and driving sustainable employment.

Astral emphasised that the PMI “is not an investigation into anti-competitive behaviour,” but rather an assessment of how the market functions and whether any structural issues distort competition.

“Astral will, as a listed poultry producer, engage constructively with the inquiry process. Astral will also participate as a member of the industry body, SAPA," said CEO Gary Arnold.

"Astral will continue to update the market as and when appropriate, should any material developments arise.”