Namibia’s meat producer to lose US$60 million after feedlot closure

Namibia's biggest meat producer, Meatco, has said it is likely to lose about 800 million Namibian dollars (60 million U.S. dollars) because of the closure of a feedlot where zeranol was found.

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Zeranol is an anabolic growth-promoting drugs in meat production, and is by far the most potent hormones found in the food supply.

The Department of Veterinary Services detected zeranol in urine samples taken from cattle at Okapuka feedlot, just about 30 kilometers north of Windhoek on Sept. 2.

Since this was the second detection of zeranol within the past 12 months at the same feedlot, the veterinary services closed it indefinitely.

In a statement seen by Xinhua Friday, Meatco said the closure of the feedlot will cost the company anything between 700-800 million Namibian dollars (about 52-60 million U.S dollars) per year as well as about 300 jobs.

The feedlot was supposed to slaughter more than 30, 000 cattle during the 2016/17 financial year but, according to Meatco, this target has already been decreased by 7,000 animals because of the closure.

Meatco also said they spent 50 million Namibian dollars (3.6 million U.S dollars) on Okapuka feedlot where 9,500 cattle, 70 percent of which were for export to the European Union, were being kept. Enditem

Source: Xinhua/News Ghana

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