The Money Show’s Bruce Whitfield interviewed Professor Johan Willemse, Agricultural Economist at the University of the Free State.
Willemse warned that these five staple food items on most shopping lists in South Africa are severely affected by the drought:
Scroll down for quotes from the audio below.
We’ll need to import 2 million tons of wheat. And with rand weakness bread prices will increase.— Professor Johan Willemse
White maize is not available internationally, yet we need to import a million tons.— Professor Johan Willemse
Food inflation for poor people is between 12% and 15%.— Professor Johan Willemse
A lot of farmers are culling their herds. Prices will drop in the short term. Then, next year, price hikes will hit us.— Professor Johan Willemse
Animal feed prices are increasing. Some farmers have halted production while others are hiking their prices.— Professor Johan Willemse
Vegetable producers won’t plant this season in order to preserve water as it’s a long term crop.— Professor Johan Willemse
We haven’t planned for this. That’s why it’s hitting us so hard.— Professor Johan Willemse