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- (-) July 2023
- (-) South Africa
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South Africa is the third largest exporter of canned fruits (apricots, pears, and peaches) globally, accounting for 16 percent of the market.
South Africa is currently harvesting its second largest corn crop in history and a fourth consecutive bumper crop. This creates a bearish outlook on local corn prices and will limit an expansion in the area to be planted with corn in marketing year (MY) 2023/24.
On May 21, 2023, the South African Minister of Health issued a Government Notice (R.3337) inviting public comments on a draft regulation relating to the labelling and advertising of food products under the Foodstuffs, Cosmetics and Disinfectants Act, 1972 (Act No.54 of 1972).
Starting July 13, 2023, a third-party certification issued by accredited certifying bodies will be mandatory to certify maximum sodium levels in processed products listed in Colombian Resolution 2013 of 2020.
Colombia is the main market for U.S. consumer-oriented products in South America. In 2022, U.S. consumer-oriented exports to Colombia reached a record $877 million.
The South African retail food market is highly concentrated among the five largest companies, including Shoprite Holdings Ltd, Pick n Pay Retailers Pty Ltd, Spar Group Ltd, Massmart (Walmart-owned), and Woolworths Holdings Ltd.