Due to drought conditions, livestock exports increased by 10.91 per cent with export abattoirs driving the performance at a 55.35 per cent growth rate on account of drought-induced marketing during the first six months of the year.
Butchers, on the other hand, experienced a decline of 27.75 per cent losing market share to export abattoirs whose producer prices remained competitive during the second quarter, figures from the Meat Board of Namibia revealed last week. It was noted that Meatco registered a 104.98 per cent monthly capacity utilisation during the second quarter of 2019, indicating over-capacity utilisation.
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