The growing South African agriculture export opportunities within the BRICS countries

Published 2021년 3월 23일

Tridge summary

A hybrid meeting between Agbiz and other stakeholders in Pretoria discussed strategies for increasing the presence of South Africa's agriculture and agribusiness sectors within the BRICS community. With a growing agricultural sector and expanding export markets, there is potential for South Africa to play a larger role in the global agricultural exports market, especially in targeting China and India. However, challenges such as tariffs and non-tariff barriers need to be addressed. Additionally, the meeting highlighted the need for logistical efficiencies at South African ports to support export growth. Furthermore, the meeting discussed the impact of rising fuel prices on the agricultural sector and the optimistic results of the Agbiz/IDC Agribusiness Confidence Index.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This past week, we held a hybrid session with some colleagues and Agbiz members joining us at Pretoria's offices, while others joined online. The event's primary focus was to explore how South Africa's agriculture and agribusiness sectors could gain more traction within BRICS. This theme is premised on the observation that South Africa's agriculture is expanding and is ripe to contest more international markets. In the next few years, the sector could enjoy a growth spurt, especially if the support by government policies, including the master plan on agriculture and agro-processing, come into play. To get a sense of how South Africa's agricultural sector has expanded in the past decade, consider the sector's gross value-added since 2010, which has now expanded by 44%. In volume terms, South Africa's agricultural production has grown by 19% over the same period. Encouragingly, this expansion has occurred across all subsectors of agriculture and agro-processing value, i.e., ...

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