The US was SA’s second-largest export market in 2022, while Russia took up a mere 0.2%
Geopolitical risks are back on the SA agricultural agenda. Over the past year the country has felt the effects of Russia’s invasion of Ukraine indirectly through the disruption caused to various commodity supply chains and the consequent surge in prices. This was especially so with grains, vegetable oils, fertiliser, liquid fuels and natural gas.
Now the US accusation that SA supplied military equipment to Russia has raised diplomatic tensions between the two countries, leaving much uncertainty over future political and trade relations. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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