Economy

Pilchard prices peak as SA seeks protein amid economic strain

Date: May 7, 2024

In the face of mounting inflation and energy insecurity, South Africa's (SA) Competition Commission has observed a significant uptick in the sales and pricing of canned pilchards.

This trend highlights the population's shift towards alternative protein sources.

The Commission's Essential Food Price Monitoring Report indicates a silver lining, however, as it notes a gradual decrease in the prices of various food items.

This comes despite the country grappling with persistent challenges such as load shedding, logistical bottlenecks at railroads and ports, and the broader impact of global supply chain disruptions triggered by the conflict in the Red Sea region.

The report underscores the resilience of the SA market and the adaptability of consumers in times of economic adversity.

--ChannelAfrica--

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