AGRICULTURE NEWS - Any fuel price increases in November will cost South Africa’s grain producers dearly, Grain SA economist, Luan van der Walt, has warned.
“Farmers are planting summer crops in the northern regions of the country, while the producers in the [southern regions] are harvesting wheat. This is a crucial time for production, so any increase in fuel prices will have a very negative impact on farmers’ cash flow,” Van der Walt told Farmer’s Weekly.
He was responding to mid-month data for October from the Central Energy Fund, which indicated an under-recovery in petrol and diesel prices, that could potentially result in increases of between 95c/l and 98c/l for petrol, and just over R1,40/l for diesel.
Read the full article here on the Caxton publication, Farmer's Weekly
