South African potato farmers ending year under immense pressure

Published Jan 3, 2023

Tridge summary

South Africa's potato farmers are under pressure due to oversupply in the market, leading to low prices. The industry's future is optimistic but it will take years to recover and return to previous profitability. The Russian-Ukrainian war and political turmoil are exacerbating the challenges. The situation is likely to improve once overproduction is no longer an issue.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

South Africa’s potato farmers are ending the year off under immense pressure. And although industry players are optimistic about the industry’s future, it will be years before the industry recovers and farms return to previous levels of profitability, as Duncan Masiwa reports for Food For Mzansi. As it stands, potato farmers in the country are not turning in profits. This is mainly due to too many potatoes in the market, and the price farmers are getting for their potatoes is much less than what it should be. “The pressure does not seem to have a possible break shortly,” said Willie Jacobs, CEO of Potatoes South Africa. “The Russian-Ukranian war still has a major impact on the availability of key inputs, and the current political turmoil acting in on the exchange rate, is not assisting things either.” In a previous article, Jaco Koekemoer, marketing manager ...

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