Why South Africa’s maize prices remain high while there’s a large harvest?

Why South Africa’s maize prices remain high while there’s a large harvest?

In regular seasons, a sizeable domestic maize harvest would ordinarily lead to a decline in prices. But South Africa’s 2019/20 and 2020/21 maize production seasons have not been ordinary. The second-largest maize harvest on record in the 2019/20 production season didn’t lead to a notable decline in prices as some might have expected. The weaker exchange rate, combined with increasing demand for South Africa’s maize in the Far East and Southern Africa, and generally higher global prices provided support to the domestic maize prices throughout 2020 and into the beginning of 2021.

Minister Didiza’s Budget Vote Speech centered on the themes of private-public-partnership approaches

Minister Didiza’s Budget Vote Speech centered on the themes of private-public-partnership approaches

The Minister’s speech is positive as it centred on the theme of public-private partnerships for development and expansion in the sector and emphasised various programmes that the social partners are already working on in collaboration with the government. I share the minister’s broad view that harnessing the power of public and private sector collaboration is critical to unlocking opportunities for inclusive growth in the sector.

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