SA expects ample summer grains and oilseeds harvest in the 2022/23 season
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The Crop Estimates Committee's data reaffirmed our optimism about South Africa's 2022/23 summer grains and oilseeds production season.
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The Crop Estimates Committee's data reaffirmed our optimism about South Africa's 2022/23 summer grains and oilseeds production season.
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In recent notes, we expressed a view of potential moderation in the consumer food inflation in the second half of the year.
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April is an important month in South Africa's agricultural sector, especially for field crops.
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The Competition Commission's recent report on agriculture and food markets dominated the conversations in the industry groupings last week.
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Over the coming months, we will receive various data releases to help guide our thinking about South Africa’s agricultural growth prospects in 2023. The available soft insights suggest that near-term growth prospects of South Africa’s agricultural economy look weak after subdued growth of 0,3% y/y in 2022.
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Although we continue to argue that South Africa should expand its agricultural export markets to new frontiers such as India, China, Bangladesh, Saudi Arabia, and South Korea, amongst others, the export drive should not be at the expense of the existing markets.