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After another challenging 12 months, the global wine industry is preparing for a year ahead that promises continued economic turbulence, concerns about the balance between supply and demand, as well as ongoing anxiety about the climate crisis. Chris Losh presents what will be top-of-mind in boardrooms and among winemakers next year.
Fitch Solutions has warned that economic and social challenges will continue to weigh on SA consumer confidence in 2023 and says it continues to hold a “negative view” for the consumer outlook in SA over the following year.
The subject of food prices is again a major focus as the agricultural commodities prices continue to surge on the back of the Russia-Ukraine war.
Following a period of heightened optimism supported by favourable agricultural production conditions, the Agbiz/IDC Agribusiness Confidence Index (ACI) moderated by 12 points to 62 in Q1 2022 after reaching its second-highest level on record in Q4 2021.
