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After exceptional consecutive production seasons of solid growth supported by relatively high commodity prices and favorable weather conditions, wheat and corn producers in South Africa are optimistically looking forward to the 2022 production season.
Post estimates that the sugar cane crop will fall by 2 percent to 17.9 million MT in the 2021/22 MY, based on cane that was burnt and rejected by sugar mills during the civil unrest and protests in KwaZulu-Natal, frost damage in some growing areas in June 2021, and some growers diversifying to more profitable crops.
According to Statistics South Africa (StatsSA), South Africa’s food service sector generated revenues valued at US $3 billion in 2020, down 32 percent from 2019.