Summer weather could encourage more braaiing, supporting prices. Internationally, record levels of animal protein weighs on the poultry and beef markets, whilst demand from China for lamb and pork remains strong.
Funding constraints have hobbled Agriculture Research Council plans to manufacture a vaccine for foot and mouth disease, leaving SA reliant on costly imports from Botswana.
Port Elizabeth – The wool market traded lower at this week’s auction and the Cape Wools Merino Indicator decreased by 5.6% and by 1,362 points to close at a value of R229,28/kg (Clean). The Australian EMI lost 2,8% this week. The Cape Wools All Wool Indicator declined 5,6%.
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