KZN-based agritech startup AgriCool5 focusing on driving down cost of food by cutting out middlemen and reducing transport costs while increasing profits for farmers ~
Food costs are soaring as a result of the war in Ukraine, interest rate hikes, fuel increases, and changed weather patterns.
“Adverse weather conditions, interrupted power and water supply have severely affected the cost of food as farmers all over South Africa are grappling with low yields,” says Zamokuhle Thwala, CEO of AgriKool. “AgriKool enables retailer buyers to pay less for agricultural produce and farmers to make more, and provides information that increases profits for farmers.”
The industry is ripe for overhaul as farmers take great risk in the agri-value chain, unable to predict whether they will make a profit or a loss.
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