JSE listed Food Producers had a subdued performance in the month under review, with counters like Tiger Brands and Astral Foods being in the red. This is likely due to a combination of factors, including the volatility in grain and crop prices, as well as the ongoing global economic uncertainty. Moreover, the weaker rand has made it more expensive for food producers to import inputs and export their products. This has led to higher costs for food producers, which they have passed on to consumers in the form of higher food prices.
Report produced by Afrifocus Securities.