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Maize imports will be costly for SA

Author: Ntsakisi Maswangany

The upward trajectory in the maize price has continued, despite global food prices falling to a six-year low last month. 

A crippling drought has affected maize output and will see SA importing the staple food to plug a shortfall.

Declines in vegetable oil and dairy prices drove the United Nations Food and Agriculture Organisation’s food price index to 164.6 points last month – the lowest in six years.

But maize and wheat prices rose for the second consecutive month as unfavourable weather conditions persisted in the northern hemisphere. 

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