The Agbiz/IDC Confidence Index recovered by 4 index points in the second quarter of this year to 47. An index point below 50 indicates contraction in the South African agribusiness activity. The 47 index point suggests that agribusinesses are still holding a pessimistic view regarding business conditions.
SA, which is set to produce the smallest maize crop since 2008 this year, may miss a target to import enough of the white variety this season to meet consumers' needs, the biggest agricultural lobby group said. -Bizcommunity
In this week's newsletter: Brief comments on South Africa's white maize market; Land dynamics in Africa: What is the potential for expansion?; Prioritisation of South Africa's orange export markets in the Far East
Farmers must improve how they plan the next season’s buying, production and marketing strategies to minimise risks. There are growing concerns about the outlook of South Africa’s agriculture due to a number of macro-level risk factors. - Moneyweb