AGRICULTURE NEWS - With the Brent Crude oil price now trading at more than US$60/barrel (about R901,60/barrel), the South African agriculture sector can expect to bear the brunt of ongoing increases in fuel prices, and the prices of other crude-oil derivatives such as fertilisers, herbicides and pesticides.
This comes on the back of the 16% increase in the national minimum wage for farmworkers, imminent price hikes for electricity, and the 26c/l increase in the general fuel levy and the Road Accident Fund levy.
Diesel was by far the most commonly consumed fuel in South Africa’s agricultural value chain, providing fuel for bakkies, tractors, harvesters, and road haulage trucks.
Read the full article here on the Caxton publication, Farmer's Weekly
