South Africa: Oilseeds and Products Annual
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Post forecasts that South Africa’s oilseed area will be maintained at elevated levels in marketing year 2024/25. South Africa’s summer rainfall oilseed crops in marketing year 2023/24 have been affected by an El Niño induced mid-summer drought, resulting in an expected major drop in crop volumes, creating an optimistic outlook for higher crop area in marketing year 2024/25. Oilseeds are important rotational crops. Stable local demand for oilseed crushing, coupled with potential export markets should motivate producers to maintain oilseed area. Despite major investments over the past 15 years to expand oilseed processing capabilities, production has exceeded crushing capacity, shifting excess oilseeds to export markets. South Africa’s economic challenges, policy uncertainties, rolling blackouts, high interest rates, utility costs, and inflation are likely to delay significant investments to further expand crushing capacity.
