…as green shoots begin to emerge in company’s resurgence
Meat Corporation of Namibia (Meatco) performed favourably in May and June by generating around N$297 million in revenue for the two months, the company has revealed.
In a statement, the company attributed the resurgence to the increased cattle numbers coming through the Windhoek Abattoir which could indicate a significant turnaround in the business of the Corporation.
Meatco believes that continuing this trend is likely to lead to a consolidated recovery year for the financial year running from January 2023-February 2024.
“Meatco’s aims to accomplish its commitment of paying producers on time while managing and paying suppliers to ultimately maximise returns from the lucrative niche markets we market our premium meat products. Going forward, Meatco projects another profit for July 2023,” the company said.
Meatco slaughtered a total of 38, 401+ animals with 2,079 slaughtered from the Northern Communal Area (NCA) and 36,322 SVCF as of end July 2023. The average slaughter weight for January was 250.3 kg and the average price was N$58. 84. In February, the average weight slaughtered was 259.96 kg against an average slaughter price of N$60.30 while in March the average weight was 250.36 kg with a N$60.31 average slaughter price. Additionally, for April an average weight of 251.64 kg was slaughtered with an average price of N$60.24 paid to producers whereas in May the weight was 253.22 kg with a N$59.67 average price paid for the month. For June, the average slaughter weight was 253.63 kg while the average price was N$60.13 Meatco has budgeted to slaughter 50, 000 animals SVCF and 10, 000 NVCF for the 2023/24 financial period.