Pork prices sizzle, sales improve as cost of lamb and beef soars

Date:

Pork prices sizzle, sales improve as cost of lamb and beef soars

The Money Show’s Bruce Whitfield interviews Arnold Prinsloo, CEO of pork brand Eskort.

@ deeaf/123rf.com
  • The Money Show
  • Bruce Whitfield
  • Inflation
  • Food prices
  • Meat
  • Food inflation
  • Beef
  • Meat prices
  • Lamb
  • Pork
  • Animal protein
  • Eskort
  • Arnold Prinsloo

As consumers batttle to keep up with increases on all fronts, the pork industry has highlighted that its prices remain low amid soaring food inflation.

South Africans love their meat and “a simple switch” to pork on dinner plates could save families hundreds or even thousands of rand each month, says Eskort CEO Arnold Prinsloo.

… pork is increasingly stepping up to the plate to relieve pressure from budgets, offering consumers a cost-effective protein alternative at an average of just half the price of beef and a third of the price of lamb.

Arnold Prinsloo, CEO – Eskort

@ deeaf/123rf.com

On The Money Show, Bruce Whitfield asks Prinsloo if choosing pork is just a question of price, or whether it offers a real value proposition.

Prinsloo reaffirms that it’s one of the cheaper protein options and along with that, is also very versatile.

Per 100 grams, you will get the best buyer’s protein if you compare it to beef and chicken… The other proteins’ prices have increased dramatically over the past year and the pork price has been stable.

Arnold Prinsloo, CEO – Eskort

I think it’s that the pork producers – the farmers – have increased their stock over the last year by more than 5%, and the consumer’s under pressure.

Arnold Prinsloo, CEO – Eskort

Prinsloo gives a per kilogram price comparison and possible reasons for the hike in the cost of beef.

At the moment the beef price to the farmers is about R60 and to the lamb farmers R110, whereas pork farmers are getting around R28. We think that after the good rains some of the farmers are keeping back their beef stock… and therefore the price has risen whereas with pork the pigs are coming through from the farms…

Arnold Prinsloo, CEO – Eskort

A number of groups in South Africa do not eat pork out of principle (religion’s rules, dislike of pig farming practises…) – does this result in low demand?

Pork is becoming more popular at home and in the rest of the world Prinsloo says.

Obviously some communities don’t eat pork, but pork is the most consumed meat in the world… If you look at China, Europe, America… and the popularity is growing by the day because of the versatility and the variety that you can buy.

Arnold Prinsloo, CEO – Eskort

What is the local industry doing to address the possible image deficit of pork? Whitfield asks.

“It’s all about promotional activity in the stores… I think Sappo (South African Pork Producers’ Organisation) is doing a great job as well in assisting retailers to market pork more aggressively… and sales are growing day by day.”

Listen to the interview with Prinsloo on The Money Show:

This article first appeared on CapeTalk : Pork prices sizzle, sales improve as cost of lamb and beef soars

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Numsa members to gather at Freedom Park in NW to continue Implats strike

Numsa members to gather at Freedom Park in NW to continue Implats strike The strike by contract workers employed by three mining groups contracted to provided services at Implats has entered its second day. Impala Platinum Mine. Picture: Implats.co.za. NUMSA Impala Platinum Email Print Tweet Share Masechaba Sefularo | 53 days ago JOHANNESBURG - Metalworkers union Numsa

With blackouts back in play, Eskom appeals to citizens to use power sparingly

With blackouts back in play, Eskom appeals to citizens to use power sparingly The power utility on Monday started implementing stage two power cuts from 5pm until 10pm and that will continue until Thursday. Image: © Aekkarak Thongjiew/123rf.com Eskom Load shedding Email Print Tweet Share Lauren Isaacs | 53 days ago CAPE TOWN - As winter sets

Ramaphosa says SA’s total trade with BRICS countries has increased

Ramaphosa says SA's total trade with BRICS countries has increased Government said South Africa’s trade with other BRICS countries reached just over R700 billion last year, up from R487 billion in 2017. FILE: Over 17% of South Africa’s exports were destined for other BRICS countries last year, while over 29% of our total imports came

Discovery Bank takes off with SAA in new partnership following Comair grounding

Discovery Bank takes off with SAA in new partnership following Comair grounding Bruce Whitfield interviews Discovery Bank CEO, Hylton Kallner. FILE: SAA plane at O.R. Tambo International Airport. Picture: 123rf The Money Show South African Airways Comair Discovery bank Kulula.com Hylton Kallner Email Print Tweet Share Rafiq Wagiet | 53 days ago SAA flights will now be