31 March 2022 -South Africa will feel the impact of the Russia-Ukraine conflict on food prices but is also primed to benefit from it through maize exports, experts said on Tuesday. Commodity prices, including wheat and corn, have surged since Russia began its invasion of Ukraine on Feb. 24. Russia and Ukraine account for about […]
South Africa Sees Food Inflation, Opportunity From Russia-Ukraine War Read More »
30 March 2022 – After a slow start, harvest time is well under way as more than half of South Africa’s 2022 wine grape crop has already been taken in at cellars and, although estimated to be smaller than in 2021, the crop is larger than the five-year average, says wine industry organisation Vinpro. “The grape quality
Wine Grape Harvest Smaller Than 2021, But Above Five-Year Average Read More »
29 March 2022 – South African farmers are expected to harvest 10% less maize in the 2021/2022 season compared with the previous season, the government’s Crop Estimates Committee (CEC) said on Monday. The CEC’s second summer crop forecast estimates the 2022 harvest at 14.684 million tonnes, down from the 16.315 million tonnes harvested last season.
South Africa’s Maize Harvest To Fall 10% This Year Read More »
28 March 2022 – Wine producers looking to expand their export footprint over the next three years should look at countries elsewhere in Africa, where tourism is booming. This was according to Hein Koegelenberg, CEO of La Motte Wine Estate and Leopard’s Leap Family Vineyards. Koegelenberg said trade in general was under pressure in the
SA Wine Exports To African Countries On The Rise Read More »
25 March 2022 – The repo rate of the South African Reserve Bank (Sarb) will increase to 4.25%, bank governor Lesetja Kganyago announced on Thursday, after raising the rate by 25 basis points. Following the conclusion of the bank’s March Monetary Policy Committee (MPC), the committee opted not to go for an even higher repo
Sarb Increases Repo Rate To 4.25% Read More »
24 March 2022 – Food scarcity, with disastrous humanitarian consequences, could result from the conflict in Ukraine if Russia’s devastating assault on its neighbour is not stopped, UN World Food Programme (WFP) executive director David Beasley has warned. Beasley pointed out that Ukraine was a nation that produced enough food for four billion people around
Ukraine Conflict A Food Scarcity Catastrophe In The Making Read More »
23 March 2022 – China is thirsting for South African wine, largely due to massive tariffs imposed on Australian imports, with local producers jumping at the opportunity and creating new blends specifically for this growing market. The value of South Africa’s wine exports to China has more than doubled over the past two years. That’s
SA Is Now Making Wine Specifically For The Chinese Palate Read More »
22 March 2022 – The agriculture sector’s contribution to South Africa’s fourth quarter GDP figures could have been even higher if it was able to expand meat exports, according to Gerhard Schutte, CEO of the Red Meat Producers’ Organisation (RPO). “We currently export 4% of our beef, but this could increase to 20% over the
Agriculture’s 2021 Fourth Quarter GDP Results Lauded Read More »
18 March 2022 – THE BUYING power of South African shoppers could shrink slightly this year as prices of consumer goods continue rising, reversing an impressive growth in retail sales, which started the year on a positive note. According to data from Statistics South Africa (StatsSA), retail trade sales surged by 7.7 percent year-on-year in
January Retail Sales In The Country Surge By 7.7% To R76.9 Billion As Sector Recovers Read More »
17 March 2022 – AS no fresh produce has been shipped to the Russian market over the past few weeks by most countries, early shipments of lemons destined for this market have been impacted, according to the Citrus Growers Association (CGA). Justin Chadwick, CGA’s chief executive, said in a weekly newsletter on Friday that should
SA’s Citrus Industry Is Keeping A Close Eye On The Russian-Ukraine Conflict Read More »
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