What to expect from the AgriTrends Spring Edition
The AgriTrends 2023 Spring Edition looks at the climate forecast for 2023/24, grain and oilseed, livestock, and vegetable markets, high-value export industries, as well as integrating biodiversity into agribusiness and finance decision-making.
While many of the key issues facing the South African agricultural industry, highlighted in our Autumn 2023 Absa AgriTrends, are still at play, upside risks remain. Coupled with the current El Nino weather event, these could affect yields and the quality of various crops over the coming months.
With expert insights into the future of agriculture, we can navigate challenges to build more resilient, sustainable agribusinesses.
Climate Overview for 2023/24
Why weather is front of mind in 2023/24: the ENSO phenomenon.
Extreme weather events recorded in the US, the EU, and China make weather challenges a key risk for global agricultural markets. Locally, the El Nino Southern Oscillation (ENSO) phenomenon and its impact on South African agriculture is also shaping sentiments.
High-value Export Industries
Resolving logistical challenges is paramount to support the competitiveness of South African exports.
Although high input and shipping costs have eased and China’s economic reemergence provided a brief boost to markets, local infrastructural and logistical challenges are persisting.
Plan for the future with insights from agri-industry experts. To learn more, download the 2023 Spring Edition Report.