Markets – BFAP

Agricultural Trade Brief 2023 Q4

Hester Vermeulen — Tue, 30 Apr 2024 06:05:59 +0000

BFAP’s Agricultural Trade Brief interprets and contextualises the latest quarterly international trade data and provides insights on the major factors driving agricultural trade.

This quarterly brief provides the trends and patterns of fourth-quarter South African agriculture trade for various commodities with several partners worldwide. Some factors that may have influenced trade in the quarter such as disruptions at various ports, changing regulatory environment and animal diseases are covered.

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Perspectives on Agriculture’s GDP performance in Q4 2023

Hester Vermeulen — Wed, 20 Mar 2024 12:54:54 +0000

The release of the country’s GDP results for the final quarter of 2023 brought several surprises, which we unpack in this Brief. For the total economy, GDP increased by 0.1% in the fourth quarter of 2023. For the full year 2023, GDP expanded by 0.6% in real terms. The big surprise, however, was that agriculture contracted by 12.2%. While BFAP has long since projected a decline, we believe this contraction was more in the region of 3-5%.

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Agricultural Trade Brief 2023 Q3

Kandas_BFAP — Wed, 31 Jan 2024 20:00:00 +0000

BFAP’s Agricultural Trade Brief interprets and contextualises the latest quarterly international trade data and provides insights on the major factors driving agricultural trade.

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Perspectives on Agriculture’s GDP performance in Q3 2023

Kandas_BFAP — Wed, 13 Dec 2023 07:18:26 +0000

In the third quarter of 2023, South Africa’s gross domestic product (GDP) decreased by 0.2% in the third quarter of 2023. The contribution of agriculture decreased by 9.6%. The biggest contributor to the agricultural sector performance in Q3 of 2023 was a 36% decline in the revenue of field crops. Download here to read the full …

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Agriculture sector performance versus the targets of the NDP

Kandas_BFAP — Sat, 07 Oct 2023 06:36:36 +0000

How has the agricultural sector performed against the development objectives and targets outlined in the National Development Plan (NDP)? The recently launched 2023 BFAP Baseline as well as data on land reform collected by the BER provide a sense of the exceptional performance of the sector. There are, however, threats on the horizon that could …

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Production Potential for Soybeans and Maize in the Eastern Cape

Kandas_BFAP — Thu, 07 Sep 2023 18:49:22 +0000

The Eastern Cape was mentioned in the National Development Plan as a region “with untapped potential” however, there are a number of factors that limit this potential. These include physical characteristics (soil depth and quality (pH, soil nutrients), topology and degradation) as well as land use/competition dynamics.

It was found, based on the area and yield assumptions detailed in the report, that the potential maize production can be estimated as 578 040 tonnes, off a total area of 212 000 hectares. That is a three-fold increase from the current production of 175 000 tonnes.

The potential soybean production is estimated as at least 9 720 tonnes (37% increase from current average soybean production) off a total area of 4 560 hectares, assuming the current 8% contribution to the crop mix. Soybean area could increase to a total of 56 690 hectares depending on the soybeans share of the total crop mix.

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Perspectives on Agriculture’s GDP performance in Q2 2023

Kandas_BFAP — Thu, 07 Sep 2023 18:15:25 +0000

In the second quarter of 2023, the agricultural sector grew by 4.2% quarter on quarter. It should be noted that this follows a decline of almost 5% in quarter 1, and a decline of almost 20% in quarter 2 of 2022 due to later than normal delivery of some summer crops, which bolstered growth in Q3 of 2022. This suggests that Q2 performance comprises some normalisation from these dynamics.

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Perspectives on AGRICULTURE’s PERFORMANCE in Q1 of 2023

Kandas_BFAP — Fri, 23 Jun 2023 09:46:54 +0000

South Africa’s seasonally adjusted quarter- on-quarter real GDP increased by 0.4% in the first quarter of 2023, but agricultural GDP contracted by 12.3%. This publication contextualises the latest release of GDP statistics by StatsSA and provides insights on the major factors behind agriculture’s contribution to GDP.

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The impact of loadshedding on the Western Cape agricultural sector

Kandas_BFAP — Thu, 22 Jun 2023 06:42:51 +0000

The objective of this study is to provide a description of the energy dependency of the Western Cape agricultural sector on the national grid, within the context of the loadshedding situation, and to describe the on- and off-farm implications and quantify its socio-economic impacts. To reduce and/or mitigate the impact, the study provides recommendations on potential interventions that can be implemented by value chain role-players, industry, and the various spheres of government.

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Perspectives on AGRICULTURE’s PERFORMANCE in Q4 of 2022

Dalene — Wed, 15 Mar 2023 09:58:49 +0000

South Africa’s seasonally adjusted quarter-on-quarter real GDP dropped by 1.3% in the fourth quarter of 2022. This publication contextualises the latest release of GDP statistics by StatsSA and provides insights on the major factors behind agriculture’s contribution to GDP.

Download here to read the full article.