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Maroc Maroc - AGRIFOCUSAFRICA.COM - A La Une - 23/Aug 04:30

South Africa’s Agriculture Sector Achieves $1.47 Billion Trade Surplus in Q2 Despite Slight Decline in Exports

In the second quarter, South Africa’s agriculture sector recorded a trade surplus of $1.47 billion, representing a 6% decrease compared to the same period last year. The surplus was achieved despite a slight 0.1% year-on-year decrease in agricultural exports, which totaled $3.37 billion. This decline followed a 6% growth in exports in the first quarter of the year. The drop in the second quarter is attributed to lower prices for some agricultural products and a reduction in export volumes. Despite the decrease, the Agricultural Business Chamber of South Africa (Agbiz) noted that port efficiency had improved significantly compared to 2023, […]

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