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- (-) July 2023
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South Africa is the third largest exporter of canned fruits (apricots, pears, and peaches) globally, accounting for 16 percent of the market.
South Africa is currently harvesting its second largest corn crop in history and a fourth consecutive bumper crop. This creates a bearish outlook on local corn prices and will limit an expansion in the area to be planted with corn in marketing year (MY) 2023/24.
On May 21, 2023, the South African Minister of Health issued a Government Notice (R.3337) inviting public comments on a draft regulation relating to the labelling and advertising of food products under the Foodstuffs, Cosmetics and Disinfectants Act, 1972 (Act No.54 of 1972).
The South African retail food market is highly concentrated among the five largest companies, including Shoprite Holdings Ltd, Pick n Pay Retailers Pty Ltd, Spar Group Ltd, Massmart (Walmart-owned), and Woolworths Holdings Ltd.
On December 15, 2017, the South African Revenue Services (SARS) announced that it will start to collect sugar tax from all sweetened beverages, excluding 100% fruit juices....
The production area of Genetically Engineered (GE) corn, soybean and cotton in South Africa increased to 2.7 million hectares in 2016, a 17 percent increase....
South Africa`s production of grapefruit, oranges and lemons/limes is forecast to increase in the 2017/18 MY, based on the increase in area planted and normal weather conditions....
The South African retail food sector is sophisticated and well developed relative to other markets on the African continent.
The United States bone-in broiler meat exports above the annual 65,000 ton anti-dumping duty free quota will continue to be subjected to an anti-dumping duty of R9.40 per kilogram.
Trade Shows have buyers, distributors, are cost-effective, provide market research and product testing.
The below average winter rainfall received in 2017 and the low dam levels (about thirty percent) in the drought stricken Western Cape, will severely impact the availability of irrigation water....
Post forecasts that South Africa will export about 2 million tons of corn in the 2017/18 MY, drawing on a relatively large carry-over stock from the 2016/17 MY.