WANDILE SIHLOBO: Rising farming input costs are partly cushioned by higher agricultural commodity prices
Price dynamics are expected to affect the South African consumer
At the start of every agricultural production season one of the major concerns for farmers is weather conditions over the course of the period and how these will affect yield. But for the 2021/22 season another important concern that has been on farmers’ radar: rising input costs, specifically fertilisers and agrochemicals.
As I have recently indicated, these input product prices are largely driven by supply constraints in key fertiliser-producing countries such as China, India, the US, Russia and Canada. Rising shipping costs and oil and gas prices have also been contributing factors, with firmer global demand from an expanding agricultural sector...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.