Excessive rain, input costs weigh on Agribusiness Confidence Index

The Agricultural Business Chamber (Agbiz)/Industrial Development Corporation Agribusiness Confidence Index (ACI) decreased by 12 points quarter-on-quarter to 62 in the first quarter of this year.

This follows the ACI’s second-highest level (74) on record in the fourth quarter of 2021, the highest level being 75 and reached in the second quarter of 2021.