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Astral Foods

April 16, 2024
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Anthony Clark
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Anthony Clark

Update on the Astral Foods FY2022 trading update & warning into H1 2023

The soft commodity landscape has been volatile for all of 2022 with the Ukraine crisis seeing all soft commodities rise. On SAFEX this global push allied to a weak Rand has seen soft commodity prices such as maize and soya rise by 33% and 38%.

Factor in a constrained consumer, production issues and load shedding yet alone higher fuel costs and something had to give.

At Astral Foods that exactly what happened when it warned that its margins would be squeezed into its new financial year as it could not pass on these costs to the consumer.

I wrote a detailed note on the scenario and its impact to Astral Foods. See the link as below

https://drive.google.com/file/d/11foI8J2cCDDQadw0kf2JNFxJQsmvGs1m/view?usp=share_link

 


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