Agricultural exports a bright spot in GDP gloom
Weaker GDP follows flood damage to port infrastructure in KwaZulu-Natal and record load-shedding
11 September 2022 - 09:11
Despite challenges in the second quarter, the agricultural industry posted a 5% quarter-on-quarter rise in export earnings to $3.4bn (about R60bn), driven by exports of citrus, apples, maize and pears. But the gains may be short-lived as access to key export markets and high input costs remain problematic.
Paul Makube, senior agricultural economist at FNB Agri-Business, said the rise in export earnings for fruit and maize was on the back of robust demand and strong commodity prices. ..
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