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Press release on Food Inflation Expectations for 2016 and beyond.

February 13, 2017

Recently there has been another wave of media reports on the impacts of the drought and the potential increases in food prices. In January BFAP projected2 that year-­‐on-­‐year inflation of the staple food basket would reach 29%. These projections seem to be in line with the last increases that are reported by Statistics South Africa. The impacts are already apparent in retail products derived from maize, with super maize meal increasing 22% year on year in January 2016.

Agri Leaders

Humanity faces some tough challenges in the 21st century. By 2050, we’ll reach ‘peak population’ with more than 9 billion people. That’s a quarter more mouths to feed with ever scarcer resources. We’ll be much older on average, which means that ageing nations in the Americas, Asia and Europe will become increasingly reliant on a shrinking proportion of young workers. And three out of four people will live in cities, a massive demographic shift that
will force governments to create more efficient and affordable solutions for the
delivery of clean water, sanitation and other essential services.