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Post estimates that the sugar cane crop will fall by 2 percent to 17.9 million MT in the 2021/22 MY, based on cane that was burnt and rejected by sugar mills during the civil unrest and protests in KwaZulu-Natal, frost damage in some growing areas in June 2021, and some growers diversifying to more profitable crops.
According to Statistics South Africa (StatsSA), South Africa’s food service sector generated revenues valued at US $3 billion in 2020, down 32 percent from 2019.
With more than 83 million of the world’s wealthiest consumers, Germany is the largest market for food and agricultural products in the European Union.