A view on grains
South African grain price dynamics are shaped by global factors, and local markets have benefitted from higher global prices over the past three years. During 2022, global grain prices surged. This was driven by a range of factors such as drought in key exporting regions, the Ukraine war, high energy
Local markets have benefited from higher global prices over the past three years
and input costs, and strong speculative demand from non-agricultural market players such as hedge funds.
32
Made with FlippingBook interactive PDF creator