Bigger maize harvest could help contain food price inflation at around 4% locally – while the door to exporting to Zimbabwe has opened.
This is despite the 2019/20 production season starting on a negative footing with delayed rainfall across the country. Summer crops include white maize, yellow maize, sunflowers and soybeans.
Should the widespread rainfall continue in the coming two months, says Sihlobo, a bigger maize crop than the 2018/19 commercial harvest of 11.3 million tons would mean that South Africa’s food price inflation could be contained at comfortable levels this year. SA’s food price inflation averaged 3.1% year on year in 2019 –“a year which saw elevated inflation of grain products prices and subdued meat prices”, according to Sihlobo.
He says this is based on assumptions that meat prices could lift marginally from where they were in 2019.
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