EDITORIAL: Drought damage poses inflation risk for staple foods
The accelerating prices of products such as maize meal have a much larger impact on poorer households
12 March 2024 - 05:00
Crop damage due to warm, dry conditions in the main summer grain regions of SA, such as the North West, could accelerate food price inflation, which has consistently outpaced the headline consumer inflation rate for the past two years.
SA’s crop estimates committee issued its first seasonal outlook for the summer grain production regions at the end of February. It indicated that despite a slight increase in the area expected to be planted to maize, there was likely to be a 13% decrease in production...
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