It is proving challenging to recover higher input costs through price increases
The average South African eats less in winter as they spend more on heating, which is a frightening statistic but explains why food producer stocks are performing poorly.
Independent financial analyst Anthony Clark, who has covered food stocks for years, says there is generally a decline in food sales in winter. “It has been that way for decades in SA.”..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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