by Paul Matthew | Apr 25, 2022 | Uncategorized
The World Bank estimates that food prices have soared about 37% year-over-year, as it warns that millions of people are being pushed into poverty. Not only are food prices rising now, but harvests in the future could be reduced because of the spiking costs of... Read more
by Paul Matthew | Apr 25, 2022 | Uncategorized
Shares of poultry group Astral Foods brushed off severe market pressure and lifted on Monday morning, after it bumped up its profit forecast, citing improved volumes and the benefits of economies of scale. Astral bumps up profit forecast as volumes fly... Read more
by Paul Matthew | Apr 25, 2022 | Uncategorized
Despite various roads being severely damaged by last week’s floods in KwaZulu-Natal, road freight will continue, although on a limited basis. Road Freight Association CEO Gavin Kelly says 50% of road freight operations between Durban and Johannesburg have resumed. KZN... Read more
by Paul Matthew | Apr 25, 2022 | Uncategorized
The rand has weakened almost 4% against the US dollar since the start of the week and is currently testing the 200-day moving average, says Matthew Axelrod, head of risk at DG Capital Forex. If the local currency closes above R15.10/dollar it would be a bearish signal... Read more
by Paul Matthew | Apr 25, 2022 | Uncategorized
The latest outbreak of foot-and-mouth disease in the country poses a major risk to beef production, which is worth about R35 billion a year, and livestock auctions, with an annual turnover of about R85 billion. The spread of the highly contagious viral disease among... Read more
by Paul Matthew | Apr 22, 2022 | Uncategorized
The size of the US beef cow herd was estimated to have decreased by 2.3% during 2021. Steep culling of the cowherd was a major reason why this was the case as beef cow slaughter was up by nearly 9% for the year. A frustrating calf market and drought in much of the US... Read more
by Paul Matthew | Apr 22, 2022 | Uncategorized
While SA cannot control global events, the government can make the correct, albeit difficult, policy choices that would lessen some of the negative effects of higher inflation in coming months (“IMF report all but warns of stagflation,” April 21). The most important... Read more
by Paul Matthew | Apr 22, 2022 | Uncategorized
After the pandemic, and the chip crisis, and the war in Ukraine, “disrupted” seems to be the default state of global supply chains. But the pandemic isn’t over yet, and a COVID outbreak in China is only making supply constraints worse. According to shipping analytics... Read more
by Paul Matthew | Apr 21, 2022 | Uncategorized
A bird flu epidemic has ripped through at least 30 states with no signs of stopping. For Amie members, the major issue on supply and cost will only hit us in July as we have a double hit , the rand has lost 5% of its value moving from 14.50 to 15.18 this morning... Read more
by Paul Matthew | Apr 20, 2022 | Uncategorized
Dan Halstrom has headed the US Meat Export Federation (USMEF) as its president and chief executive officer for the past four years. While Halstrom has spent his entire life in the meat industry, it’s all been focused on international meat trade. He has been on the... Read more
by Paul Matthew | Apr 20, 2022 | Uncategorized
Over the past month, South Africa’s veterinary agency has officially confirmed just one new HPAI outbreak in poultry. According to the notification to the OIE, the H5N1 virus serotype was detected on a farm with 175 poultry in Ekurhuleni. Around half of the birds... Read more
by Paul Matthew | Apr 20, 2022 | Uncategorized
Public enterprises minister Pravin Gordhan says the port has resumed operations but thousands of containers await processing Up to 9,000 containers stuck in Durban port backlog... Read more
