Scorching heat increases risk of food inflation in South Africa

Drier and warmer weather than usual overall South AfricaKey summer crop-producing regions are hurting prospects for a key corn harvest and raising the risks of higher food price inflation, an agriculture industry group says.

“The main risks to consumer food inflation in South Africa in 2024 will mainly relate to white maize products. » Wandile Silobo, said the chief economist of the Agricultural Business Chamber of South Africa. “We see upside risks to corn and grain product prices in the consumer food inflation basket. »