White maize prices are likely to be 30% higher, with yellow maize up by 20%
Supplies of various crops globally are abundant, but the exchange rate could affect prices because South Africa imports large quantities of wheat, rice and palm oil
Maize prices are expected remain high for some time because of possible tight supplies later this year
La Niña’s return, heralded by the International Research Institute for Climate and Society, brings hope for Southern Africa but concern for South America
South Africa must remain vigilant to prevent outbreaks which are costly to farmers and harm the export market
The El Niño-induced drought and heatwave in February and March hit crops hard in Southern Africa
This reflects a moderation of sales after excellent sales figures in 2022. But higher interest rates and a poor 2023-24 summer crop add pressure to farmers’ finances
South Africa imports all its rice and half its wheat so the exchange rate is a factor to watch
Global agricultural prices and thus food prices will moderate, but not necessarily for South Africa
Excellent years of machinery sales coincides with a tough production season that strains farmers’ finances