2020 may turn out to be a ‘brilliant’ year
Much of the agricultural sector is seeing bumper crops.
SA should import much less wheat this year.
Citrus farmers are enjoying a big increase in exports.
Amid the economic gloom of the coronavirus disaster and associated GDP plunge, one sector is shining bright.
Much of the agricultural sector is positively booming, following bumper summer crops and with early indications that the winter season could also deliver strong growth.
“The favourable rains that the Western Cape received in the past couple of weeks, and good soil moisture in other provinces has been of immense benefit to the South African winter crops. We can now safely say – with caution, of course, as the season is still at early stages – that South Africa will not only have one of the [best] summer crops seasons but a brilliant agriculture season,” Agricultural Business Chamber of South Africa (Agbiz)’s chief economist Wandile Sihlobo said in a note on Friday.
Read the full story on: Business Insider.