With all the negative economic and political news in SA, food production is at least one positive fundamental we can all feel at ease about. This year brought a large summer grain and oilseed harvest of 18.1-million tonnes, a 92% annual increase.
In addition, there was a rebound in vegetable production. The benefits of this rebound are already reflected in grain commodity markets, with maize prices down by more than 60% from last year. This has not yet been fully reflected on the shelves at retail level due to time lags in the food-processing chain, and to some degree the sticky nature of prices.
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