JPMorgan’s Call Triggers Rally in South African Food Producers

South African food producers climbed to an almost eight-year high after JPMorgan Chase & Co. recommended buying the stock, citing robust prospects.

“We see a positive outlook for South African food producers in 2026,” JPMorgan analysts Shaun Chauke and Elena Jouronova wrote in a report Thursday. That’s due to softer commodity prices, improved operating-cost structures thanks to investment in manufacturing facilities, and easing local inflation that could boost volumes, they said.