Statistics South Africa reported much higher figures for consumer food price inflation than some had expected. In April 2021, the country’s consumer food prices were at 6,7% year-on-year, the highest level since July 2017.
Agricultural markets cannot function without institutions or the “rules of the game”. The state, therefore, has an important duty to ensure appropriate institutions are in place and functional.
The outlook for global agricultural conditions is again in the spotlight as the 2021/22 global grains and oilseed production season commences in the Northern Hemisphere. In the Southern Hemisphere, the season will only start around October. The International Grains Council (IGC) released its estimates at the end of April 2021 and painted a generally optimistic view for essential grains and oilseeds production for 2021/22.
When the COVID-19 pandemic hit, concern immediately arose that sub-Saharan Africa faced a potential worsening in food insecurity.