AGRICULTURE NEWS - The South African agriculture sector has increased its trade surplus by 16% in the first quarter of 2020, with minimal disruptions experienced due to the coronavirus disease (COVID-19) pandemic.
This was according to Wandile Sihlobo, chief economist at Agbiz, who said the disruptions had been minimal because agriculture and the food sector in general had remained operational across the globe.
“In the first quarter of the year, which is the period before the [COVID-19) lockdowns were implemented across the globe, South Africa’s agricultural trade was vibrant. The country recorded an agricultural trade surplus of US$773 million (about R13,2 billion). This is up 16% year-on-year, with exports having increased at a much higher rate than imports.”
Read the full story here on the Caxton publication, Farmer's Weekly
