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South African food producer RCL Foods reported 9.2% half-year revenue growth to R17.1 billion, with headline earnings per share up 21.6%. The company cited rising agricultural input costs driven by lower global crop estimates and strong demand, plus avian influenza disruption in Southern Africa.
The report confirms that higher world grain and oilseed prices and avian flu outbreaks are squeezing South African food producers' costs, reinforcing firm feed input prices in the region.
moneyweb.co.zaAkhona MatshobaFeb 28, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
