Pessimism is as contagious as COVID-19
Jun 29, 2020
2 minutes
BY DR KOOS COETZEE
Economists maintain that markets are driven by supply and demand. While this is true in a broad sense, market prices, and especially free-market prices, are actually determined by the perceptions of market participants. When market commentators opine that prices will decrease, role players beyond the farm gate use this forecast as an excuse to decrease prices offered to farmers.
When the coronavirus disease (COVID-19)
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