SA agriculture gross value-added rebounds in Q3, 2022

SA agriculture gross value-added rebounds in Q3, 2022

After contracting for two consecutive quarters, South Africa’s agricultural gross value added expanded by 19,2% quarter-on-quarter (seasonally adjusted) in the third quarter of this year. The better yields of some field crops and horticulture, combined with relatively higher prices, specifically grains, and oilseeds, underpin this improvement.

A decent maize crop for SA in 2022/23 season

A decent maize crop for SA in 2022/23 season

The USDA forecasts South Africa’s commercial maize plantings at 2,60 million hectares in the 2022/23 season, broadly aligned with the CEC, whose data points to a possible area of 2,59 million hectares. This area is slightly below the 2021/22 season of 2,62 million hectares. Still, it is well above the long-term average.

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