As South Africa's food prices continue to climb at the fastest rate since 2009, the competition watchdog has launched an inquiry into the market for fresh produce. | News24_Business
, the competition watchdog has launched an inquiry into the market for fresh produce.
The focus will be on apples, bananas, oranges and other citrus produce, stone fruit, pears, avocados, grapes and nuts, along with vegetables such as potatoes, onions, tomatoes, sweetcorn, carrots and cabbage. One of the areas of concern that the commission has flagged is the issue of concentration. A previous study by the commission found that while large farms made up just 6.5% of all farms in SA, they accounted for 67% of total income in 2017-2018.
The commission says its previous research into food prices"consistently highlighted that the sharp decline in the number of commercial farms may be indicative of the difficulties smaller farmers face in reaching the necessary economies of scale to decrease costs and maintain profitability".
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