{"id":19618,"date":"2023-12-15T14:00:37","date_gmt":"2023-12-15T14:00:37","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=19618"},"modified":"2023-12-15T14:01:30","modified_gmt":"2023-12-15T14:01:30","slug":"agriculture-in-south-africa-slips-by-9-6-in-q3-consumer-inflation-slows","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2023\/12\/15\/agriculture-in-south-africa-slips-by-9-6-in-q3-consumer-inflation-slows\/","title":{"rendered":"Agriculture in South Africa slips by 9.6% in Q3, consumer inflation slows"},"content":{"rendered":"\n

End-of-year data by Stats SA (Statistics South Africa) shows a quarter 3 decline in the agricultural sector by\u00a09.6%<\/u><\/a>. This is even as the long-standing consumer inflation\u00a0<\/u><\/a>slowed by 5.5% in November.\u00a0<\/p>\n\n\n\n

The decline owes mainly to a slump in the cultivation of crops, low supply in animal products and port delays. The three factors edged the production part of the GDP by -0.3% of a point. <\/p>\n\n\n\n

Field crops in Western Cape suffered a blow due to floods<\/u><\/a> while the poultry sector had to deal with avian flu. The soy sector, on the other hand, coped with load shedding which affected soy meal production.<\/p>\n\n\n\n

Consumer Inflation slows to 5.5% but food up by 9%<\/strong><\/strong><\/h3>\n\n\n\n

A major factor that slowed agriculture was inflation, which declined in November for non-agricultural commodities but upped in food. <\/p>\n\n\n\n

The national consumer price index (CPI) fell by 0.1%<\/u><\/a> in November and cooled general consumer inflation to 5.5%. Stats SA attributes the CPI decline to a fall in fuel prices by 1.8% by November, a 9.4% drop from the October peak.<\/p>\n\n\n\n

While the fall in fuel cost eased transport prices, it did not benefit food and beverages, whose inflation rose to 9%.<\/p>\n\n\n\n

Onion, vegetable and cereal prices were the only favourable exceptions in the food sector. The price of onions lowered by 6.1% by November, a considerable drop as onion inflation had hit 64.5% in June.  This is even as increase in onion acreage raised supplies during this period.<\/p>\n\n\n\n

Vegetable inflation simmered down to 23.5% in November from the October high of 23.6%. The cereal and bread industry saw a seven-month gradual price decrement by November to settle at 8.5% in inflation. <\/p>\n\n\n\n

Almost all other food classes attracted a 4-month spree in inflation, which peaked in November. Chicken inflation, for one, rose by 7.3% November due to avian flu fears which cut poultry supplies.  <\/p>\n\n\n\n

Fruits\u2019 annual inflation ticked up by 11.5% by November, almost close to end 2020\u2019s reading of 11.8%. Black spot disease outbreak negatively impacted the citrus export sector, affecting production and rebounded on price.  This is despite a rise of 1% for South Africa\u2019s citrus exports<\/u><\/a> for 2023  over 2022\u2019s.<\/p>\n\n\n\n

Sugar edged up by 18.5% and so did egg prices, which hit 10.6% inflation by November. This happened in the background of reigning poor performance in the poultry sector.<\/p>\n\n\n\n

PPI inflation slows by 0.6%<\/strong><\/strong><\/h3>\n\n\n\n

The October-November period also saw the producer price index (PPI) inflation, a major indicator of consumer inflation, fall by 0.6%. <\/p>\n\n\n\n

This impressive improvement banked on the fall in fuel prices but not in food. The food sub-sector pressured PPI inflation by –1.2%<\/u><\/a>.<\/p>\n\n\n\n

Ultimately, analysts see a downward trend <\/u><\/a>in food inflation in 2024 as port congestion in South Africa eases and quickens food imports. <\/p>\n","protected":false},"excerpt":{"rendered":"

End-of-year data by Stats SA (Statistics South Africa) shows a quarter 3 decline in the agricultural sector by\u00a09.6%. This is even as the long-standing consumer inflation\u00a0slowed by 5.5% in November.\u00a0 The decline owes mainly to a slump in the cultivation of crops, low supply in animal products and port delays. The three factors edged the…<\/p>\n","protected":false},"author":3,"featured_media":19619,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nAgriculture in South Africa slips by 9.6% in Q3, consumer inflation slows - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2023\/12\/15\/agriculture-in-south-africa-slips-by-9-6-in-q3-consumer-inflation-slows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Agriculture in South Africa slips by 9.6% in Q3, consumer inflation slows - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"End-of-year data by Stats SA (Statistics South Africa) shows a quarter 3 decline in the agricultural sector by\u00a09.6%. 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