This forecast is based indications of good harvests in key producing countries such as the European Union, Russia, Canada, Argentina, the United Kingdom and India

This could be good for consumers as prices drop.

Slightly high prices and lower input costs, as well as the prospect of good rain will probably driving this

The El Niño-induced drought and heatwave in February and March hit crops hard in Southern Africa

Global agricultural prices and thus food prices will moderate, but not necessarily for South Africa

South Africa started the 2023-24 summer crop season with optimism, but the outlook is now lower because of the excessive heat and limited rainfall across major crop-growing regions

We are in for another good agricultural season, especially if January and February present favourable rainfall