Food prices would rise gradually from next year, increasing the likelihood of more protests, the Agricultural Business Chamber said yesterday.
Households, especially lower income, spend a large chunk of their income on food.
Higher food prices in recent years have made it harder for millions of people to escape poverty.
John Purchase, chief executive of the chamber, said any spike in food prices could signal increased activism and possible strikes by labour federation Cosatu.
02.06.2010 / Agbiz in the news
"The agricultural value chains of South Africa currently face several critical challenges. Constraints with regard to a highly skewed global trade environment, agro-logistics, water quality, sharp increases in electricity tariffs, a highly volatile currency (exchange rate), deteriorating rural infrastructure, labour strikes in state-owned enterprises, production constraints and many more, impact negatively on the competitiveness of our agriculture sector.
To address these critical issues, the Agricultural Business Chamber's Congress will be held at the Lord Charles Conference Centre, Somerset West, on 2 and 3 June 2010," Dr John Purchase, Chief Executive of the Agricultural Business Chamber, said today.
31.05.2010 / Agbiz in the news