Food inflation eases further, but recent weather-induced production challenges remain a concern.

Loading player...
GUEST - Paul Makube- FNB Commercial's senior agricultural economist

The latest export estimates from the Citrus Growers' Association of Southern Africa (CGA) showed a further reduction in orange exports for the 2024 season underpinned by a combination of inclement weather in the production areas and the increased competition from the juicing market.
Weather conditions have not been favourable with drier and warmer conditions reducing fruit sizes, followed recently by freezing conditions in some areas. Surging international orange juice prices due to production cuts in the US and Brazil spurred the recent upswing in demand for the juicing market locally. Consequently, orange juice prices have increased by 34% since the start of 2024 at US432/ pound (lbs) after reaching an all-time high of US486/ lbs during May 2024.
On the export side, the CGA expects Navel orange volumes at 21 million (15kg) cartons relative to the opening seasonal estimate of 25.7 million cartons. For Valencias, the new estimate is 51.6 million cartons which is down by 11% from the original estimate for the season with Letsitele, Hoedspruit and the Senwes (Marble Hall and Groblersdal) areas being the biggest contributors to the reduced estimate.
29 Jul 2024 2PM English South Africa Business News · Investing

Other recent episodes

Southern Africa sees Private Capital's Big Comeback

Private capital is making a strong comeback. Fundraising in Southern Africa surged by 162%, making 2025 one of the strongest years on record. Anusha Naidu, CEO of SAVCA, unpacks what's driving renewed investor interest, where capital is being deployed, the sectors attracting attention, and what private equity investors are telling…
29 Oct 1PM 12 min

Investing In Women: Business Strategy Or Box-Ticking?

Corporate South Africa has spent years talking about diversity and transformation, but is enough being done to build the next generation of women leaders? Pride Mnene Hlungwani, marketing and transformation leader at bp South Africa, explains why leadership development matters, the economic case for investing in women, and how businesses…
29 Oct 1PM 30 min

Africa's Resilience Dividend: Where Smart Money Is Heading

What makes an African economy investable in today's uncertain world? Precious Dube, Macroeconomist for Broader Africa at RMB, unpacks the bank's latest Where to Invest in Africa 2026/27 report. From Morocco's rise and South Africa's resilience to the growing importance of policy reform, institutional strength and economic stability, we explore…
29 Oct 12PM 17 min

How South Africans Are Stretching Every Rand

South Africans are increasingly living two very different financial realities. New research from NielsenIQ reveals a growing consumer divide, with almost equal numbers reporting that they're either financially worse off or better off than a year ago. As inflation, food prices and household costs continue to bite, consumers are changing…
28 Oct 1PM 13 min

ECIC at 25: Reimagining South Africa's Export Future

As the Export Credit Insurance Corporation of South Africa (ECIC) marks 25 years of supporting exporters, newly appointed CEO Linda Seroka joins Kaya Biz to outline the institution's future vision. From supporting emerging exporters and SMMEs to exploring new trade opportunities in Asia and the Middle East, the discussion examines…
28 Oct 1PM 13 min