# The Agribusiness Confidence Index increased by 11 points from the fourth quarter of last year to the first quarter of this year. This is the third consecutive improvement, placing the index at its highest level since the fourth quarter of 2021. The current level implies that South African agribusinesses remain optimistic about business conditions in the country. This optimism is a result of a combination of factors, including La Niña rains that support the agricultural season, improvements in port efficiency that supported exports, and the progress in controlling animal diseases.
Agribusiness Confidence Index at highest level since 2021