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Weakening rand helped boost vegetable exports

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Johannesburg – The weakening rand during 2015 and 2016 helped boost demand for vegetable exports during the period.

According to the Absa Agricultural Outlook for 2017, the rand weakened as much as 29.4% during the first quarter of 2015 and the second quarter of 2016. This coupled with the increase in prices for staple products such as maize as well as its low production volumes, helped contribute to the greater demand for vegetables, stated Wessel Lemmer, economist at Absa.

Subsequently, the increased demand in vegetables drove up their prices.

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