Browse Data and Analysis
Filter
Search Data and Analysis
- 7 results found
- (-) August 2024
- (-) November 2022
- (-) South Africa
- Clear all
The South African Department of Agriculture is in the process of finalizing requirements related to “control management systems,” which may include additional requirements of documentation to support label claims for imported food products.
On July 19, 2024, the South African government published a new sugar import tariff of R1,093 per metric ton (US$60.09/MT). This tariff change was triggered by a downward trend in global sugar prices and will apply to sugar imported into the Southern Africa Customs Union (SACU).
In July 2024, falling global wheat prices triggered a wheat import duty of Rand 176.30 (USD 9.70) per metric ton for South Africa ending more than three years of duty-free imports. The higher import duty was introduced amid a 7 percent drop in wheat planted area for marketing year 2024/25.
On October 28, 2022, Tongaat Hullet’s management announced that they opted to go into voluntary business rescue due to the company’s severe levels of financial distress. On Tuesday November 1, Tongaat Hullet missed the deadline to pay R401 million ($22.9 million) for cane delivered by 4,300 growers in September.
On November 9, 2022, The International Trade Administration Commission of South Africa (ITAC) announced the initiation of the sunset review of anti-dumping duties (ADDs) of frozen bone-in portions of poultry from the United States.
South Africa has robust and experienced regulatory system for genetically engineered products, which started with the publication of the “GMO” Act of 1997. Today, South Africa is amongst the top-10 largest producers of GE crops in the world and has approved 27 GE plant events for commercial production contained in three commodities, namely, corn, soybeans, and cotton. South Africa’s corn yields doubled over the past 20 years, while soybean production improved 10-fold.
Post forecasts that South Africa’s corn area will stay flat in marketing year 2022/23. The current high input cost environment and an upsurge in soybean plantings are deterring any bullish outlook in expanding corn area, despite record high commodity prices and three consecutive bumper crops. Higher farming input costs are escalating the risk of production in a weather-dependent industry.