SA food prices expected to remain high on fuel cost, global woes, heavy rainfall
FOOD PRICES are expected to remain high on global woes with the recent excessive rains in South Africa adding uncertainty to the outlook, according to the National Agricultural Marketing Council (NAMC). South Africans are under severe financial strain amid rising food prices, compounded by hefty fuel prices, surging utility costs and rising inflation. In its April 28-item urban food basket report published this week, the council said the surging global prices observed during March were likely to be observed in maize, wheat, and vegetable oils in the next few weeks, despite the positive news that Ukraine had reached an agreement to export its grains and oilseeds via Lithuania ports. According to this report, some food items in South Africa were already responding to the surging global food export prices, led…
