South Africa: Concerns Over Steep Input Cost Increases in the South African Agricultural Sector

  |   Attaché Report (GAIN)   |   SF2021-0065

Worldwide agricultural inputs prices have risen steeply the past year. South Africa is at the start of the 2021/22 summer production season and farmers are confronting these increased inputs prices that will squeeze profit margins. On average, fertilizer prices more than doubled the past year in South Africa, while agrochemicals prices increased by more than 50 percent. Diesel prices have increased by 40 percent year-on-year. However, the South African agricultural sector has increased its resiliency to rising input costs over time by improving efficiencies. Efficiency has increased across the sector due to, amongst others, the utilization of economies-of-scale, upgraded on-farm machinery, the use of new production technologies, such as Genetically Engineered seed, precision farming, and reduced or no-tillage land preparations.

Related Reports

This is the first Food and Agricultural Import Regulations and Standards (FAIRS) Country Report for Zimbabwe. The report includes an assessment of laws and import requirements for food and agricultural products.
Attaché Report (GAIN)

Malaysia: Retail Foods

The Malaysia food retail sector was estimated at $18 billion in 2020, and is projected to grow 30 percent to $23 billion by 2025.
Attaché Report (GAIN)

Malaysia: Food Processing Ingredients

The Malaysian food processing industry has been identified as a crucial component of future national economic recovery and growth resulting from the significant disruption of COVID-19 pandemic.