Categories: NewsSouth Africa

BFAP building African market outlook

Changing conditions in world markets affect prices in Africa, but attempts to project future prices often fail to consider factors…

With its Baseline 2010 report the Bureau for Food and Agricultural Policy (BFAP) launched an initiative to produce an African outlook. This will take region-specific factors into account and seek to inform regional trade policy, private and public sector investment, and food-security initiatives within region’s agricultural sub-sectors.

Recent developments in the Southern African Development Community (SADC), in particular the formation of the SADC Free Trade Area, have underlined the importance of regionalisation of trade and regional markets, said the report. The BFAP said, from a South African point of view, it is important to “reflect and assess markets in the region for local planning decisions”.

Knowledge of the extent of deficit (or surplus) in regional markets will allow government and private players in the grain market to anticipate opportunities to manage grain stocks more effectively.

Many SADC countries have no functioning legislation on genetically modified maize, which means that South African maize exports are likely to be subjected to stringent and sometimes arbitrary measures.

Another threat is South Africa’s incomplete land reform process that has caused increased uncertainty, decreasing investment and declines in commercial agriculture.

Recent Posts

Wine industry satisfied with inflationary sin tax increase

The South African wine and brandy industry has welcomed the inflationary increase in excise duties announced by Finance Minister Tito…

8 hours ago

Hedging market and climate risks on a family wine farm

Boplaas Family Vineyards shows that farm size does not really matter if you want to makeit in the wine industry.…

12 hours ago

SA peanut plantings at lowest level ever

Only 19 200ha had been planted to peanuts in the 2018/2019 production season, which is the smallest area on record,…

13 hours ago

No pay rise for MPs as govt seeks to close budget deficit

South Africa is not immune to events in the global economy and the expected slowdown in world economic growth will…

1 day ago

Treasury cuts land reform budget

The allocation from National Treasury to the Department of Rural Development and Land Reform (DRDLR) will decrease from just under…

1 day ago

More money for black farmer development in Mboweni’s budget

The national budget for the 2019/2020 fiscal year, which was tabled by Finance Minister Tito Mboweni in Parliament on Wednesday,…

1 day ago

This website uses cookies.