Wheat imports to increase by 33% in SA
DURBAN –
The Agricultural Business Chamber (Agbiz) said it estimates that wheat imports could increase by 33 percent year-on-year (y/y) in South Africa in the 2019-20 season as agricultural supply chains and uncertainty caused by Covid-19 outbreak continue to cause panic globally.
The Agricultural Business Chamber (Agbiz) said it estimates that wheat imports could increase by 33 percent year-on-year (y/y) in South Africa in the 2019-20 season as agricultural supply chains and uncertainty caused by Covid-19 outbreak continue to cause panic globally.
Wandile Sihlobo, a chief economist at Agbiz, said in a note yesterday that as the chamber mentioned before in its earlier updates that South Africa is a net importer of wheat.
“We estimate that 2019-20 wheat imports could increase by 33 percent y/y to 1.8 million tons. This is 13 percent higher than the five-year average import volume, exacerbated by the decline in domestic wheat production on the back of unfavourable weather conditions in parts of the Western Cape in late 2019,” Sihlobo said.
Source: iol.co.za
