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According to South Africa's independent media website reported on December 6, Vandir Silobo, chief economist of the South African Agricultural Chamber of Commerce (Agbiz), said that as the "challenging year" of South Africa's agricultural sector draws to a close, it is expected that the sector's total value added may shrink
moderately by the release of full-year data in March next year.
Declining harvests of key crops such as maize, production challenges in the sugar industry, trade frictions in multiple products and widespread foot-and-mouth disease epidemics are weighing on agricultural performance
.
South Africa's agricultural sector grew steadily for the second consecutive year, following two years of year-on-year growth of 14.
9% and 8.
8%
respectively.
While a modest contraction in South Africa's agricultural sector is expected this year, overall activity in the sector remains strong, maintaining a core contribution
to improving national food security and job creation, Silobo said.
South Africa's agricultural exports reached US$8.
9 billion (R154 billion) in the first eight months of this year, up 6%
from the same period last year.
moderately by the release of full-year data in March next year.
Declining harvests of key crops such as maize, production challenges in the sugar industry, trade frictions in multiple products and widespread foot-and-mouth disease epidemics are weighing on agricultural performance
.
South Africa's agricultural sector grew steadily for the second consecutive year, following two years of year-on-year growth of 14.
9% and 8.
8%
respectively.
While a modest contraction in South Africa's agricultural sector is expected this year, overall activity in the sector remains strong, maintaining a core contribution
to improving national food security and job creation, Silobo said.
South Africa's agricultural exports reached US$8.
9 billion (R154 billion) in the first eight months of this year, up 6%
from the same period last year.
