Finweek - English

SUMMER HARVEST A SILVER LINING FOR THE ECONOMY

despite the contraction that impacted negatively on the agricultural sector even before the unremitting Covid-19 crisis struck, good summer grain harvests were among the most important factors that have put this strategic and robust sector back on the road to recovery. In addition to being the driving force behind sustained production, it is welcome news for consumers and the country’s economy.

It is estimated that the GDP attributable to agriculture will receive a boost of 10% in 2020 (year-on-year) – even though it’s off a low base. This is, among other things, owing to the expected excellent harvests in the summer grain regions.

This is what Prof Ferdi Meyer, managing director of the Bureau for Food and Agricultural Policy (BFAP), as well as Dr John Purchase, CEO of Agbiz, said at a

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