Consumer Economics – BFAP

Food inflation brief – March 2024 prices

Hester Vermeulen — Wed, 24 Apr 2024 06:02:54 +0000

This brief provides an overview of food inflation dynamics, its associated causes, and the cost of basic healthy eating for March 2024.

Download here to read the report.

Food inflation brief – February 2024 prices

Hester Vermeulen — Thu, 28 Mar 2024 05:01:53 +0000

This brief provides an overview of food inflation dynamics, its associated causes, and the cost of basic healthy eating for February 2024. This version of the Food Inflation Brief also incorporates the potential impact of the latest crop estimates on basic staple food prices in South Africa.

Download here to read the report.

Food inflation brief – January 2024 prices

Hester Vermeulen — Mon, 26 Feb 2024 10:20:12 +0000

This brief provides an overview of food inflation dynamics, its associated causes, and the cost of basic healthy eating for January 2024.

Download here to read the report.

South African adoption rate of GM maize

Dalene — Sat, 04 Mar 2023 10:44:26 +0000

In this report, BFAP assesses the adoption trends of GM maize seed in South Africa. The main objective of this ongoing Maize Trust supported initiative is to estimate the most recent maize production season’s GM maize planting areas and GM trait adoption trends, as seed sales figures become available, in order to expand the historic database on GM maize plantings in South Africa.

Download here to read the report.

Food Inflation Brief – May 2022

Dalene — Tue, 28 Jun 2022 08:26:22 +0000

Year-on-year inflation on Food and Non-alcoholic beverages gained momentum, with a 7.6% increase in May compared to 6.0% in April 2022. Food inflation was mainly driven by price increases in plant oil products, meat and grain-based foods.

Download here to read the full brief.

Food Inflation Brief – April 2022

Dalene — Thu, 19 May 2022 08:37:20 +0000

Year-on-year inflation on Food and Non-alcoholic beverages eased slightly, with a 6.0% increase in April compared to 6.2% in March 2022. This was underpinned by an uptick in the price of vegetables oils and meat, with inflation on bread and cereals also gaining momentum.

Download here to read the full brief or listen to the RSG radio interview here.

Food inflation brief – January 2022

Dalene — Tue, 22 Feb 2022 08:47:06 +0000

Year-on-year inflation on Food and Non-alcoholic beverages accelerated to 5.7% in January, from 5.5% in December 2021. This was underpinned by an uptick in the price of cereals, bread, oils and fats, milk and eggs, and vegetables.

Download here to read the full brief.

Food inflation brief – December 2021

Dalene — Mon, 24 Jan 2022 09:03:41 +0000

Since our previous inflation brief in November 2021, the identification of the Omicron variant, combined with excessive rainfall in the summer rainfall areas, has presented the possibility of further supply disruptions that could affect global and local inflation.

Food inflation figures for December 2021 came in at 5.9%, whilst food and non-alcoholic beverages were slightly more modest at 5.5%. This follows a steady increase from 5.4% in January 2021 to a peak of 6.9% in August 2021. The main contributors to the persistent food inflation remains oils and fats (20.8%), meat (8.6%) and dairy and eggs (5.3%).

Download here to read the full brief, with coverage of the brief also by Engineering News and Africa’s Big 7.

Action to unlock the potential of the red meat industry

Dalene — Tue, 14 Dec 2021 12:02:27 +0000

In light of the considerable opportunities and untapped potential of the red meat and livestock sector, the primary value chain industry organisations initiated a process of developing a South African Red Meat Industry Strategy 2030. BFAP has completed the first phase, aimed at unpacking the end-to-end interactions in the red meat value chain. Ground-level limiting factors and opportunities were captured and used to compile a common vision, with practical objectives and proposed critical structures and interventions to accelerate inclusive growth. For the industry to flourish, to the benefit of large-scale and small-scale farmers and South Africa as a whole, industry and government will have to collaborate.

Read or download the full report here.

Food inflation brief – October 2021

Dalene — Thu, 18 Nov 2021 09:09:53 +0000

This report gives an overview of food inflation dynamics, its associated causes and the cost of basic healthy eating for October 2021.

Inflation on food and non-alcoholic beverages for October 2021 was 6.1%, showing a slight moderation from September levels.
Among food categories, oils / fats (+20.9% year-on-year), meat (+9.1%) and vegetables (+7.2%) exhibited the most significant inflation.
Main driving forces of food inflation continued to include high global commodity prices and rising input costs.
High meat prices are mainly driven by constrained supplies due to herd rebuilding and high feed costs.
High vegetable oil prices are mainly attributed to competing demand from feedstock for biofuel, rising crude oil prices, supply constraints over the past year in key global production areas and dramatically rising shipping costs.
The cost of the BFAP Thrifty Healthy Food Basket amounted to R2 931 in October 2021 for the reference family of 2 adults and 2 children.

Download here to read more.