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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.
All the sections of the Report have been updated to comply with the new reporting instructions, website links and contacts.
All the sections of the report have been updated based on recent amendments to regulations, updated website links and to comply with the updated reporting instructions.
On May 28, 2021, an outbreak of Foot and Mouth Disease (FMD) in cattle was confirmed in KwaZulu-Natal Province.
Post forecasts that chicken meat production will increase by five percent in 2022 on industry investment and lowered input costs.