What South Africa’s excessive rains mean for food prices - We will have a poorer harvest than the glowing 2020-21 harvest, but will probably not have to import supplies
released by the Crop Estimates Committee at the end of October 2021, farmers noted that they planned to lift the area planted to summer crops by 3% in 2021-22 production season, compared with the previous one, to 4.3 million hectares. This comprises maize, sunflower seed, soybeans, groundnuts , sorghum and dry beans.
For example, the data we have for the first 11 months of 2021 shows that South Africa’s consumer food price inflation averaged 6.5% . The products in the food inflation category such as “bread and cereals”, “meat”, “oils and fats”, and “vegetables” have primarily underpinned the uptick in headline consumer food price inflation.
”. South America continues to experience adverse weather conditions and downward harvest prospects, while the demand for grains in China and India remains relatively firm.
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