World meat markets and industry trends under microscope
The year 2022 has been nothing short of exciting for world markets at large. We have witnessed the ongoing war between Russia and Ukraine, which took a great toll on our agricultural industry by affecting gas prices, feed and fertiliser costs, and an economic crisis in China, a country that makes up approximately a fifth of the global economy, and is one of the world’s leading importers. We have also witnessed a Foot-and- Mouth Disease (FMD) outbreak in South Africa, which restricted the export of meat and meat products, as well as the ongoing import restriction of fresh meat, as well as the population reaching 8 billion on 15 November.
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