We do need to focus on the tariffs but we should not ignore other essential interventions for the long-term growth of local agriculture
This could be good for consumers as prices drop.
Better operating conditions and relatively lower interest rates are essentially the supporting factors for machinery sales
China accounts for 11% of all global agricultural imports but South Africa made up only 0.4% of Chinese imports in 2023
Estimates for maize and oilseeds are up, boosting predictions of a recovery year in agriculture
While the recent rains caused damage to infrastructure and in communities, it does more good than bad in agriculture
Optimism about the season ahead and favourable rainfall forecasts through March are the key drivers of the market’s price decline
The aspect of opening new export markets is vital in the current environment of heightened trade friction
However, we should keep a watchful eye on how it is applied in the coming years
The Chinese agricultural market is enormous, with more than $200 billion in imports annually.