Load shedding ‘holiday’ spells good news for food prices in South Africa

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Despite drought conditions damaging crops in South Africa, the outlook for food prices is still optimistic thanks to a big break from load shedding.

Food price inflation in South Africa has dropped to the lowest point since September 2020, says Wandile Sihlobo, Chief Economist of the Agricultural Business Chamber of South Africa , and the outlook for the rest of the year

The economist noted that drought conditions in South Africa have raised concerns that food prices could take a turn for the worse this year, especially as heat and dryness have already impacted some key crops like white maize.

 

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