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Potatoes and onions key drivers in severe vegetable inflation in 2023

Onions and potatoes have recorded yearly price increases of 42.2% and 79.3%, respectively.

The main drivers of vegetable inflation were potatoes and onions.

Favourable performance in the onion market could draw area away from potatoes and into onions.

Figure 4.1

Source: Absa AgriBusiness, 2023

Strong performance in potato prices predicted during 2024

Potato prices are performing well, and it is expected that short markets can result towards the end of the Limpopo season as frost damage occurred during late July and early August.

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