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Downward global price trends for grain and oilseed markets since the start of 2023

Weather-related issues and concerns around supplies out of the black sea region provided repeated upward price runs.

Maize used for human consumption recorded notable increases on the back of a tougher economic climate and more recently a change in relative prices of staples.

Figure 2.3

Source: Sagis, 2023

The effect of the current El Nino

Due to the current ENSO phenomenon, prices are expected to move away from export parity in 2024.

Take a deeper look into the future of agribusiness South Africa. View the full AgriTrends 2023 Report.