Categories: News South 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 such as market structures, policy environment, weather-related supply shocks and regional trade flows.

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.

Share
Published by
Tags: baseline bfap market outlook

Recent Posts

  • Caxton
  • South Africa
  • Use only text

New on-site medical care for Grabouw fruit company workers

Two-a-Day, a fruit growing, packing and marketing company in Grabouw, recently launched a wellness programme and day clinic for its…

10 hours ago
  • By Invitation
  • Featured Home Image

‘Green’ livestock production: the facts and the fictions

Global livestock production is increasingly under attack from certain societal groupings who claim that the sector is causing unnecessary environmental…

15 hours ago
  • South Africa

Additional vehicles to combat crime in the Free State welcomed

Free State Agriculture (FSA) has welcomed the deployment of 48 additional vehicles made available by the South African Police Service…

1 day ago
  • Farming for Tomorrow
  • Featured Home Image

Designing an irrigation system according to soil type

Dr Willem de Clercq, a researcher at the Water Institute at Stellenbosch University, says that all farmers, and especially those…

1 day ago
  • Caxton
  • Use only text
  • World

Major losses for Canadian agri sector due to labour shortages

It is estimated that the Canadian agriculture sector suffered C$2,9 billion (about R30 billion) in lost sales in 2018, due…

2 days ago
  • Aquaculture

How to distinguish similar-looking juvenile cichlids

Approximately 15 cichlid species occur in South Africa. To the untrained eye, several appear confusingly alike, especially as juveniles. So…

3 days ago