17 May 2023 – The FAO Food Price Index (FFPI) released on Friday averaged 127.2 points in April, up 0.8 points (0.6%) from March and standing at 31.2 points (19.7%) below its value in the corresponding month last year. The slight rebound in the FFPI in April was led by a steep increase in the […]
South Africa Must Not Be Alarmed By Minor Hike In Global Food Index Read More »
16 May 2023 – Known for their exceptional quality and unique flavour profiles, South African wines have gained global recognition and acclaim. However, the industry has recently faced a setback, with a 5% decline in export volumes. While this may seem like a significant challenge, industry experts agree that it is just a bump in
Decline In Wine Exports ‘A Bump In The Road’ Read More »
15 May 2023 – The South African economy is expected to stagnate in 2023, roughly 2.5-3.0pps below the average growth for Sub-Saharan Africa. The activity rates of the extractive sector will lag behind those of the manufacturing sector. In spite of a favourable price trend for metals brought on by the Chinese reopening and increased
12 May 2023 – production decreased by 1.1% year-on-year in March, with the petroleum, chemical products, rubber and plastic products and textiles, clothing, leather and footwear being the largest negative contributors. The largest positive contributions were made by the food and beverages and motor vehicles, parts and accessories and other transport equipment sectors. Seasonally adjusted manufacturing production increased by 4% in
Manufacturing Production Down 1.1% Y/Y In March Read More »
11 May 2023 – US retail import levels are continuing to rise steadily after hitting a three-year slump at the start of 2023. However, the National Retail Federation (NRF) has once again lowered its forecasts, cutting its projections for the second quarter and the first half of 2023, Maritime Executive reports. The NRF has forecast that imports
US Retail Imports Rise After Three-Year Slump Read More »
10 May 2023 – The South African citrus sector has been told it can expect a smooth transfer from the Northern to the Southern Hemisphere supply season. Referencing data from the World Citrus Organisation (WCO) annual general meeting, chief executive of South African Citrus Growers’ Association (CGA) Justin Chadwick said one of the smallest crops
9 May 2023 – China’s imports contracted sharply in April, while exports rose at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of Covid curbs and heaping pressure on an economy already struggling in the face of cooling global growth. China’s economy grew faster than expected in the first quarter thanks
China’s Shrinking Imports, Slower Exports Growth Darken Economic Outlook Read More »
5 May 2023 – The shipping industry has been riding high for the past few years, with unprecedented freight rates and profits. However, it appears that the party may be coming to an end as shipping lines face a challenging year ahead. The Covid-19 pandemic and subsequent supply chain disruptions caused a surge in demand
Losses Of $10bn In 2024 Predicted For Carriers Read More »
3 May 2023 – Despite South Africa’s citrus sector growth in recent years, the sector was currently facing a perfect storm of challenges, according to Nico Groenewald, the Head of Agriculture (SA) at Standard Bank. He said that global supply chain disruptions and market volatility, domestic logistics decay and increased shipping costs have combined with
South Africa’s Citrus Sector Faces Perfect Storm Of Challenges Read More »
2 May 2023 – South Africa recorded a preliminary trade balance surplus of R6.9 billion in March 2023. This surplus is attributable to exports of R192.2 billion and imports of R185.3 billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 31 March 2023) preliminary trade balance deficit of
South Africa Recorded R6.9 Billion Trade Surplus For March 2023 Read More »
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