In an outlook for the agricultural sector post-Nampo, Paul Makube, senior agricultural economist for FNB Business, said: “The sector is on course for recovery after the devastating 2015/16 production season. However, the Western Cape and parts of the Eastern Cape are exceptions as conditions there have deteriorated with water levels in dams falling way below 20%. Despite this, Nampo provided some key insights into the sector”.
Makube summarises the outlook for agriculture as follows:
“The strong rebound in agricultural output bodes well for inflation and consumers will breathe a sigh of relief as most grain and horticulture products and by-products should decline in price. This should assist the SARB to keep interest rates on hold for a bit longer,” concludes Makube.
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Published on Monday, 26th June 2017 - 09:56