09 Jan 2012The agricultural sector harbours some good and bad news for the new year as prices for commodities, such as grain and chicken, are expected to remain high, thanks to the increased volatility in food prices.
Grain and meat prices increased considerably last year and saw food inflation rise above the level forecast. Grain SA said inflation was at 32.7 percent year on year. Grain products had risen by as much as 13.4 percent, while maize had risen by up to 60 percent since March last year.
White maize is now fetching around R2 680 a ton and yellow maize just over R2 600 a ton. In 2012, South Africa will go from being an exporter to an importer of grain.
http://www.iol.co.za/business/business-news/agricultural-and-commodity-prices-expected-to-stay-high-despite-economy-1.1209397
