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News archive - June-2018

Expect Western Cape drought to knock farm exports

Agriculture has its fair share of challenges, but I try to find uplifting domestic and regional developments to discuss. This week, agricultural trade was in my cross hairs. For context, I recently reflected on the positive trade performance in calendar 2017, when South Africa's agricultural exports surpassed $10 billion (about R134 billion) for the first time, boosted by growth in exports of edible fruits, beverages, spirits, vegetables, grains and other farm products. The $10.0 billion figure represented a 15% year-on-year increase from $8.7 billion. Africa and Europe were the largest destinations for agricultural exports, collectively absorbing 67% of total exports last year in value terms. Asia was also an important market, taking 24%. The Americas and the rest of the world accounted for 5% and 4%, respectively. In the same period, imports increased by 5% year on year, reaching $6.7 billion, particularly driven by wheat and rice. – Wandile Sihlobo, Agbiz Head: Agribusiness Research *Written for and first appeared on Business Times on 16 July 2018

19.07.2018 / Agbiz in the news

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