@mogale_morning exactly right, that smallholder stickiness is the moat hereby @sextant_za on $KAL

Good morning everyone, kal's been grinding through the ag retail squeeze but that distribution network into smallholder farmers is pretty sticky, especially with input demand staying solid even when times get tough. At R46.80 the yield's decent and if they can keep margin pressure in check through the season could be worth watching. worth reading their latest sens on inventory moves.