Beef prices resilient despite load shedding and consumer pressure – Absa
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UEST – Nkhensani Mashimbyi, Economist at Absa Agribusiness
Beef prices, which have historically been sensitive to increases in the frequency and intensity of load shedding, have responded favourably to a surge in consumer demand over the festive season, despite an escalation in the occurrence and severity of load shedding. This is according to the Autumn edition of the Absa AgriTrends Report, which predicts that beef prices are likely to follow an upward trend over the medium term, supported by improved export prospects to markets such as Saudi Arabia.
Beef prices, which have historically been sensitive to increases in the frequency and intensity of load shedding, have responded favourably to a surge in consumer demand over the festive season, despite an escalation in the occurrence and severity of load shedding. This is according to the Autumn edition of the Absa AgriTrends Report, which predicts that beef prices are likely to follow an upward trend over the medium term, supported by improved export prospects to markets such as Saudi Arabia.
