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