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- (-) July 2022
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The enormous restraint on electricity generation and resulting power outages, locally known as load shedding, is emerging as a significant threat to South African agriculture. The cumulative hours of load shedding in the first seven months of 2022 already exceeds the annual record set in 2021.
The sharp upsurge in the cost of farming inputs for corn farmers in South Africa intensified the risk of production in a weather dependent industry, despite record-high commodity prices. As a result, Post forecasts that South Africa’s corn area will stay flat in marketing year 2022/23. However, South Africa should maintain its status as a net exporter of corn under normal weather conditions.
Recently, the New Zealand Primary Sector Climate Action Partnership – He Waka Eke Noa (HWEN) – delivered their recommendations on an alternative agricultural emissions solution to the NZ Emissions Trading Scheme (ETS). In its report, HWEN outlined various recommendations which center around a farm-level split gas levy on emissions.
The South African retail food sector is well-developed and continues to expand into other African countries. In 2021, South African retail food sales totaled $40 billion, a 0.2 percent increase from 2020 as the South African economy began to recover from the effects of the COVID-19 pandemic.