South African potato prices have seen an unprecedented surge recently. As reported by Carolize Jansen of FreshPlaza, the cost for a 10kg bag of potatoes has breached the R100 mark, currently trading at R121 (6.25 euros). This represents a staggering 136% increase from last year’s prices.
Dr. Johnny van der Merwe, an agricultural market analyst, points out that the supply has dwindled, with volumes being 46% lower than the previous year. Larger-sized potatoes are especially in short supply.
Other agricultural products, such as bananas and pumpkins, are also feeling the pinch with prices soaring due to decreased volumes. A market agent from Gauteng shed light on the challenges faced by farmers, including water shortages and electricity issues, leading to these price hikes. “…We’re going to get extremely high prices, the likes of which we haven’t seen before. But can retailers sell it to the consumers at those prices? That’s going to be the problem.”
Songezo Zibi, formerly with Business Day, highlighted the growing concerns among South Africans regarding food security, emphasizing the critical nature of food availability and its escalating costs.
Source: FreshPlaza. Read the full story here
Photo: Johannesburg fresh produce market. Credit FreshPlaza