Zambeef’s interim pre-close trading update reassures on the full-year outturn despite a tougher H1 due to several issues outside its control. Soya has been a tricky product this summer versus exceptional prior year performances, but higher maize prices, a switch to wheat in winter and tight cost control should help to offset the pressure. The weakness of the Kwacha versus the US dollar has impacted revenue, but the resolution of the country’s debt restructuring should reverse the currency hit. W ....
