The crisis in Ukraine means that food prices will see more spikes, not just in SA, but across Africa

Food price inflation in Africa is likely to intensify across the continent in the coming months, due to the strong weighting of food between 30% and 50% in the CPI basket, coupled with forecasts that global food prices they will follow an upward trajectory in the second quarter of the year. Many African countries are heavily dependent on Russia and Ukraine for grain imports, and supply disruptions due to the Russian invasion are forcing governments to find alternative suppliers. While some countries are introducing incentives for farmers to increase production, others are introducing subsidies and price controls to limit these staggering increases …

You may also like...