Weak consumer spending weighs down Agrifoods

100

CFI Holdings (CFI) says sales at its subsidiary, stockfeed manufacturer Agrifoods, dropped four percent during the five months ended February 28, 2023, indicating that consumers are reducing spending in reaction to low disposable incomes and rising inflationary pressures. As consumers struggle to afford basic products, their spending and shopping habits are changing. “Agrifoods’ performance was…