Slightly higher than expected consumer food price inflation in August 2021

Slightly higher than expected consumer food price inflation in August 2021

South Africa’s consumer food price inflation continues to surprise on the upside. We thought the start of the second half of the year would moderate the increase we observed in the past few months. But the data released by Statistics South Africa today show that consumer food price inflation accelerated to 7,4% y/y in August 2021 after registering 7,0% in the previous two months. This is the highest level since March 2017.

South Africa’s commercial agriculture myths pollute real policy solutions

South Africa’s commercial agriculture myths pollute real policy solutions

The consolidation has allowed farmers to take advantage of economies of scale as they compete with global players in the agricultural and food markets. For this reason, the misleading statement is often made that the number of SA “farmers” is declining. In fact, it is not necessarily the number of farmers, but the number of farming units, that has been reduced through consolidation. Even so, there are still many small family farms that sustain the food system in rural SA.

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