AGRIBUSINESS CONFIDENCE RISES

Following an outstanding recuperation to 51 points in quarter three of 2020, the Agbiz/IDC #Agribusiness Confidence Index rose to points in quarter four, which is its highest level since quarter three of 2014. A level over the neutral 50-point mark suggests that agribusinesses are hopeful about business conditions in South Africa. The fourth-quarter improvement probably…

Details

AGRICULTURE EXPORTS HIT RECORD ON LARGE HARVEST AND EFFORTS TO KEEP SECTOR OPEN

The Agriculture sector has improved dramatically in the last couple of months. The so-called miraculous improvement could be attributed to a combination of efforts. A large harvest, joint efforts between the government and the private sector to keep agriculture operational since the outset of the Covid-19 pandemic and the lockdown, and long-term export market development…

Details

A GLOBAL WORD OF HOPE FROM FORESTRY

PalletBiz is impacted by the unprecedented evolution of the agricultural sector that has occurred in the last few months. In October, the global forestry advisory body to the Food and Agriculture Organization of the United Nations (FAO) released details on how sustainable forest management and forest products. The aim is to drive more sustainability-based growth…

Details

OUTLOOK FOR THE AGRICULTURAL SECTOR INTO 2021

Against the background of a contracting economy with South Africa’s gross domestic product (GDP) for 2020 to decline by over 8% year-on-year, there is a silver lining in the agricultural sector results for the next season.  Following two consecutive quarters of a stellar performance by the agriculture sector with 28.6% and 15% quarter-on-quarter seasonally adjusted…

Details

DEPARTMENT CALLS FOR COMPLIANT WOOD-PACKAGING

As the globe observes the International Year of Plant Health (IYPH) 2020. The Department of Agriculture, Land Reform and Rural Development has encouraged individuals involved in agricultural and non-agricultural products to follow the International Standard for Phytosanitary Measures. The department said that untreated wood-packaging material might be a pathway for the introduction of pests of…

Details

GROWTH IN AGRIBUSINESS

Africa has an abundance of natural resources that are valuable but were previously not bankable due to lack of industrial information. Thus, smaller proprieties at a loss because they simply could not get the numbers to back them. Agribusiness has become a point of growth for the African continent. Unfortunately, financial institutions are only getting…

Details