Higher food prices not the doing of domestic farmers
In a year of large crop harvests following good rainfall, a few people probably thought consumer food price inflation would accelerate as we have witnessed in the past 10 months, averaging 6,6% year on year (compared with 4,5% year on year in 2020).
But the large crop harvests in SA contributed less towards price determination than production constraints in South America, combined with rising demand for oilseeds and grains in China...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is reserved for HeraldLIVE subscribers.
A subscription gives you full digital access to all our content.
Already subscribed? Simply sign in below.
Already registered on DispatchLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.
Questions or problems? Email helpdesk@heraldlive.co.za or call 0860 52 52 00.