The total agricultural exports and imports for the first two months of 2018 were adjusted downward by R43.01 and R5.05 million respectively in March 2018 - Sifiso Ntombela
Following the note released last month, the total agricultural exports and imports for the first two months of 2018 were adjusted downward by R43.01 and R5.05 million respectively in March 2018. Despite the adjustment, the cumulative agricultural trade surplus increased to R7.563 billion boosted by summer fruits, beverages and fish products exports. The total agricultural exports were valued at R32.375 whereas imports were valued at R24.812 billion. Although, the agricultural sector has maintained a positive trade surplus in the early 2018, its total exports and imports are down by 0.4 and 6.8 percent respectively as compared to the same period last year. The decline can be attributed to low volumes for wine and summer fruits exports whilst imports reflects the impacts of the stronger exchange rate.
Sifiso Ntombela (email@example.com)
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