Pandemic, looting mean food price hikes, Competition Commission says

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South Africa Headlines News

The recent violent looting in KwaZulu-Natal and Gauteng has resulted in high food prices, particularly on essential items such cooking oil, potatoes, meat and sugar.

The latest “Essential Food Pricing Monitoring Report” - part of a series of quarterly reports that track the impact of the pandemic and the economic crisis on food markets - has also revealed that the number of farmers in SA had gone down drastically over the past decade from 3,899 in January 2007 to just 1,053 by January this year.

According to the report the pandemic has also exposed the weaknesses of commercial farming market structure, which needs reform to make it more sustainable, inclusive, and provide greater livelihood opportunities and bring down the prices of agricultural products. “It may be necessary to build on changing the market structure and developing a model of agriculture that enables industrial agriculture while also supporting and including small-scale and local farming. This may also make the market more resilient to disruptions to global supply chains from climate change events,” read the report.

 

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That is a lie,these food prices were going high even before the protests in kzn and gauteng

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