12.12.2013

Agbiz optimistic about outlook for 2014

The Absa AgriBusiness outlook, released this week, is optimistic about the industry in 2014.

Agbiz says in its latest newsletter the macro-economic environment is favourable and provides opportunity for South African agriculture to utilise low interest rates to increase their capital expenditure towards improving efficiencies and productivity.

It says the major limitation highlighted, was the continuing risk of government 's failure in terms of service delivery to the agriculture sector, mainly referring to trade negotiations and biosecurity measures and regulations which is highly unfavourable to the sector.

The outlook focussed on various commodities and the expectation for each, taking in consideration the rainfall expectations, market demands and impacting regulatory environment amongst other influencing factors.

Article Source: www.algoafm.co.za

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