![Outlook for the red meat industry](https://cdn.magzter.com/1373618752/1697614352/articles/aimNZwWIP1697633138785/OUTLOOK-FOR-THE-RED-MEAT-INDUSTRY.jpg)
Grade A carcass beef prices decreased by 25% since the beginning of 2023 and weaner calf prices by 13%.
The main reason for the decrease in prices in spite of the primary sectors still being in a herd-building phase and the negative impact of foot-and-mouth disease on some feedlots, is the weaker consumer demand caused by higher inflation, the highest interest rate in years and the impact of load-shedding on the value-chain and on consumers.
Households’ final consumption expenditure decreased annually by 1% in the second quarter of 2023 after weak growth of 1,4% in the first quarter. The participants in the Economist of the Year competition on average expect 0,9% growth in consumer expenditure in 2023.
Consumer debt and debt service cost both increased. Consumer debt decreased from 85% of consumers’ disposable income in 2008 to 62% in the second quarter of 2023. Debt service cost decreased from 10% of disposable income in 2009 to 7,3% in 2022. It increased to 8,8% in the second quarter of 2023. Unemployment is at a nonsustainable level of 32,9% if measured with the official definition that excludes discouraged, workless people.
Esta historia es de la edición October 27, 2023 de Farmer's Weekly.
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Esta historia es de la edición October 27, 2023 de Farmer's Weekly.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
![More funding needed to flood-proof Olifants River](https://reseuro.magzter.com/100x125/articles/3894/1820211/VBasj4FXZ1725539857303/MORE-FUNDING-NEEDED-TO-FLOODPROOF-OLIFANTS-RIVER.jpg)
More funding needed to flood-proof Olifants River
Western Cape Minister of Agriculture, Economic Development and Tourism Dr Ivan Meyer recently handed over R14,98 million to the Citrusdal Water Users’ Association.
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Zambia, Burundi agree to maximise agri potential
In a bid to capitalise on the livestock and arable land in Zambia and Burundi, the two countries have agreed in principle to review the existing bilateral trade agreement in agricultural products under memoranda of understanding (MoUs) and to bolster foreign exchange earnings.
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Expanded market brings avocado season success
The South African avocado industry is making headway in India after gaining market access earlier this year. Supported by the World Avocado Organization (WAO), consumers and food businesses in India are being educated about the health benefits of regular avocado consumption and how best to use this fruit in Indian cuisine.
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Plan needed to enhance competitiveness of SA's deciduous fruit canning industry
Dr Heinrich Jantjies, group risk, safety and security director at Tiger Brands, says the deciduous fruit canning industry has been on a decline in South Africa since 2016. He suggests implementing a Deciduous Fruit Canning Industry Recovery and Competitive Plan to turn the industry around.
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Kruger's memory lingers in his Boekenhoutfontein farmhouses
Lucille Davie visits Kedar Heritage Lodge in North West to see the farmhouses Paul Kruger owned.
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From street art to feats of engineering, Bristol has it all
Brian Berkman visits the vibrant UK port city of Bristol and says two days are not enough to explore renowned graffiti artist Banksy's hometown and pop in at all the historical taverns.
![Managing broodmares and foals profitably and safely](https://reseuro.magzter.com/100x125/articles/3894/1820211/CMdKpFFox1725538948378/MANAGING-BROODMARES-AND-FOALS-PROFITABLY-AND-SAFELY.jpg)
Managing broodmares and foals profitably and safely
Broodmares and their foals are at high risk of stress, diseases and injuries if their management is suboptimal, says Dr Mac.
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Double cab's leisure features find favour
The GWM P500 2.0T HEV 4x4 Super Luxury AT has launched in South Africa, and the bakkie takes aim at the more premium, leisure-focused offerings from rival brands. Car Magazine's Marius Boonzaier writes.
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More fungal diseases that can infect beans
Bill Kerr explains the symptoms of angular leaf spot and anthracnose and how to avoid infection in your fields.
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Keeping invasive insects at bay
Featuring an array of delicious fruit from peaches to cherries, stone fruit is attractive to a variety of bugs that can be effectively controlled with integrated pest management, writes Zunel van Eeden.