AGRICULTURAL NEWS - According to Paul Makube, senior agricultural economist at FNB Business, livestock production, particularly in the Western Cape, had been severely affected by persistent drought conditions.
“Feed and water shortages resulted in massive culling, causing local red meat supply to tighten,” he said.
In general, Makube expected that lamb and mutton prices would increase between 8% and 15% year-on-year, while the beef price would increase between 5% and 11% year-on-year.
Makube explained that the price increases were a result of the drought-induced supply shortages, as well as seasonal demand increases.
