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FBR March 2016

10 | MARCH 2016 | FOOD & BEVERAGE REPORTER www.fbreporter.com ... From previous page always asked for level playing fields when it comes to chicken. We don’t oppose imports into the country but we do oppose dumping (which ITAC proved was happening, leading to the anti-dumping duties on US bone-in portions). The US have always been welcome to export whole chickens to South Africa without any anti-dumping duty, but they won’t because they are fully costed. The playing fields are also uneven from a phytosanitary perspective. If the rules prevent us from exporting chicken to the US because Avian Influenza in ostriches, then the same rules should apply to the US where there is AI amongst chickens in some states. And how will Rainbow’s performance be affected by the rapidly rising maize price, which has doubled in a year? It’s a tough one. The first big crash about 6 years ago had an on-cost of R1.5 billion in one year, which can’t be passed on to the consumer. So yes - it’s a problem, but we’re working on the things we can change to offset it. What’s your take on Genetically Modified foods? Do you agree that consumers should be given the choice to opt out of GMOs thorough clear labelling? Do you have a labelling policy for GMOs? GM maize has been grown and milled in SA for many years and I don’t want to enter the debate for or against it. Clear labelling - even if that is based on the assumption that GMOs are bad for you - is the most ideal way to give consumers a choice regarding the products they consume. TSB has a major sugar project in Mozambique that has taken some Miles Dally: Service delivery must become Govt’s No. 1 priority COMPANY SNAPSHOT RCL FOODS Ltd is listed on the JSE and is a subsidiary of Remgro Ltd. It is the holding company of 3 principal business divisions: Consumer (Foodcorp/Rainbow), Sugar & Milling (TSB/Supreme) and Logistics (Vector). 2015 2014 Sales (billions) 23. 4 19.5 Net profit (millions) 862 (277) 20152014 Sales (billions) 23. 419.5

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