“Weaker economic growth is likely to curb meat price increases”
In a global environment where livestock and meat prices increased rapidly, local market dynamics followed suit, although some local developments resulted in South African livestock and meat trends following a nuanced trajectory. More recently, aggressive
interest rate hikes in various countries combined with high energy costs look set to curb global aggregate demand and economic growth. This is likely to be transmitted to South African markets as well and local purchasing power would likely be impacted negatively further by increased bouts of loadshedding.
Global growth is easing
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