The ripple effect of SA's maize crop shock
South Africa's maize crop, the smallest in eight years, will probably fuel inflation in the months to come as the price of maize increases. Jaco Visser spoke to economists as well as an agribusiness about the outlook for food prices, inflation and interest rates...
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The first harvest estimate for South Africa's maize and other summer grains points to a vastly smaller crop, potentially leading to food-price inflation that is likely to fuel overall inflation. This will hit the poorest consumers hardest. White maize is a staple food in South Africa, while yellow maize comprises more than 60% of the feed rations given to chickens, the country's cheapest source of protein.
Read the full story on http://www.farmersweekly.co.za/.