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- (-) September 2023
- (-) Africa (Sub-Sahara)
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The hotel, restaurant, and institutional (HRI) sector in South Africa is gradually beginning to recover from the COVID-19 pandemic, but challenges remain due to frequent power outages, known as load shedding, and rampant food price inflation.
Post maintains its estimate of Algeria’s wheat plated area at just over 2 million hectares for the entire country. For the MY 2024/25, Post projects production for wheat and barley to remain in line with the current MY of 2.7 million MT of wheat and 1.02 million MT of barley.
In response to wheat prices that have surged in recent months and to build stocks, the Government of Morocco introduced a support program for the import of 2.5 million MT of common wheat.
U.S. exports of consumer-oriented food products to Saudi Arabia increased 23 percent over the past year to a record $656 million due to expansions in online shopping platforms.
South Africa's steady growth in poultry production is expected to continue in 2024 as an increasingly vertically integrated industry capitalizes on lower feed prices driven by strong maize and soy production.
Mali, Burkina Faso, and Senegal area harvested for marketing year (MY) 2023/24 is forecast to remain the same as the previous year at 1.23 million hectares (MHA) based on good farm gate prices, governments’ input subsidies, and farmers’ debt cancellation by the Malian and Senegalese governments.