MARKET INTELLIGENCE REPORT- South Africa Grains and Oil Seeds Page

This has been a relatively quiet week in the South African agricultural data calendar.

The Bureau for Food and Agricultural Policy (BFAP), founded in 2004, serves the agro-food, fibre and beverage sectors in South Africa and Africa.

As we continue to witness the ongoing human and economic fallout caused by the Covid-19 pandemic, now in mid-August and close to 150 days in lockdown, taking stock of the state of the local motoring industry is a sobering exercise. 

The high-frequency data across the major economies and the developing world underscore the view that the world will experience one of the sharpest declines in economic activity in history.

National Treasury has emphasised the need to arrest growing state debt, warning that a default or fiscal crisis could see the South African economy lose an estimated R2 trillion by the end of the decade.