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The March 2023 Essential Food Price Monitoring Report published by South Africa’s Competition Commission provided a deep dive into the poultry value chain.
South Africa has experienced an upsurge in oilseed plantings over the past 20 years with a near nine-fold expansion in soybean area. Post foresees that the positive trend in soybean plantings will continue in marketing year 2023/24 with area and oilseed production reaching historically high level of 1.8 million hectares and 3.6 million metric tons, respectively.
South Africa is on course to produce a fourth consecutive bumper corn crop in MY 2022/23, which creates a bearish outlook on local corn prices and will limit growth in the area to be planted with corn in MY2023/24.
This report provides more information on the South African food processing sector, including strategies for U.S. exporters interested in entering the market.
South Africa’s summer rainfall (September to April) has been limited and scattered so far this season.
South Africa`s production of apples, pears and table grapes is forecast to grow in the 2019/20 MY, based on available irrigation water following improved 2019 winter rainfall....
Due to relatively attractive local market prices after the drought conditions of the previous season, Post projects South Africa to increase corn planting by at least 10 percent in the 2019/20 MY.