The agricultural sector has survived the worst of the drought that gripped South Africa in the past three years. The recent rains have however positioned the sector favourably in parts of the country. Paul Makube, Senior Agricultural Economist at FNB Business takes a look at how the drought and subsequent recovery has impacted four basic breakfast foods, namely; eggs, maize, dairy and bread. Dairy: This industry has seen pastures improving, thereby reducing the frequency for the need … [Read more...] about The cost of bread, dairy, eggs and maize after the drought
Paul Makube
How the agricultural sector will help tame 2017 food inflation
The current rains are a welcome relief to farmers; they are the proverbial silver lining in what has been a gloomy season. "The past year has been testing for the industry; the drought has had an impact on the economy with South Africa’s gross domestic product (GDP) decelerating in 2016. We anticipate that prices will moderate now in 2017 as the new season production outlook improves with the rains across the producing areas," said Paul Makube, Senior Agricultural Economist at FNB Makube … [Read more...] about How the agricultural sector will help tame 2017 food inflation
