Keep South Africa relations with Africa tight-knit

Published 2023년 3월 28일

Tridge summary

Wandile Sihlobo, the chief economist of the Agricultural Business Chamber of South Africa (Agbiz), has urged South African producers to closely monitor the African market and increase supplies where possible for the 2023/24 marketing year. This is due to the anticipated increase in demand for South African agricultural products across the continent. Sihlobo emphasized the importance of not neglecting existing markets in favor of exploring new ones. He also highlighted the potential impact of weather conditions and higher fertilizer prices on crop yields in other African countries. Sihlobo stressed the need for ongoing government and industry engagement with African markets to prevent policy disputes and to continue the growth of South African agricultural exports to the continent.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

South African producers should closely monitor the African market and increase supplies where market conditions allow. This is according to Wandile Sihlobo, chief economist of the Agricultural Business Chamber of South Africa (Agbiz). In his weekly agricultural market viewpoint, Sihlobo advised agricultural role players to tread carefully when it comes to exploring new market opportunities. “Although we continue to argue that South Africa should expand its agricultural export markets to new frontiers such as India, China, Bangladesh, Saudi Arabia, and South Korea, among others, the export drive should not be at the expense of the existing markets,” Sihlobo said. ALSO READ: Agriculture exports hit record high in 2022 This is especially important when the demand for South African agricultural products will likely increase in the 2023/24 marketing year within the African continent. “For Zimbabwe, production forecasts are yet to be made available. Still, Zimbabwe would require ...

Source: Foodformzansi