FAST FACTS
Commodity prices worldwide reached all-time highs in 2021.
At the same time, a rapid rise in input costs, most notably energy prices, have reduced these gains.
Commodity prices are expected to remain stagnant in 2022.
Commodity prices have seen record highs during 2021 as supply chain disruptions, demand shifts, weather, and input costs all compounded to send indices soaring. While the World Bank’s Agricultural Price Index stabilised during the third quarter of 2021, it remains 25% higher than a year ago, and most subgroups exceed pre-pandemic levels by a wide margin.
“A key factor underpinning commodity price gains are significant stock drawdowns,” says Dr Tracy Davids, manager of commodity markets and foresight at the Bureau for Food and Agriculture Policy (BFAP).
“Maize stocks declined for the fourth consecutive year in 2020/21, following a modest 0,8% growth in production. And despite a 7% increase year-on-year in soya bean production, supported by strong harvests in the US and Brazil, record consumption resulted in a second consecutive year of stock reduction.
“The world price for canola shot up by 78% over the past year on the back of declining global supplies of oilseeds and stock levels plummeting to multi-year lows. The global price for canola currently exceeds previous record levels from 2011.”
Denne historien er fra December 24 - 31, 2021-utgaven av Farmer's Weekly.
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Denne historien er fra December 24 - 31, 2021-utgaven av Farmer's Weekly.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Understanding eye conditions in horses: causes and first aid
A horse can get a swollen eye from bumping it against a tree, shaking its head to keep flies away, or even snake venom
IPM requires a completely different mindset
You need to investigate any beneficial insects that may appear on your plants, or you can purchase them
Does parrot farming protect wild species?
Those in favour of commercial captive breeding argue that breeding parrots to sell can relieve pressure on wild populations. Researchers Neil D'Cruze and Rowan Martin review the evidence.
Bacterial and fungal diseases of garlic
Garlic can be prone to bacterial and fungal diseases, and it's important that farmers are proactive in preventing infection and practise appropriate management. Magda du Toit reports.
Responsible wastewater management: a crucial part of farming
The inadequate management of waste water is a challenge that the agriculture sector needs to deal with. Magda du Toit spoke to experts in waste and water management about a cost-effective treatment system.
Technology that can help protect South Africa's farms
Farm attacks, murders, livestock and crop theft, and other rural crimes are a growing concern in South Africa. As a result, more and more farmers are turning to advanced security technology to protect their lives, properties, and livelihoods. Sinenhlanhla Mncwango spoke to experts about the security strategies that producers can adopt to combat these threats.
The impact of theft on farms in South Africa
A high number of livestock are being stolen every year in South Africa. Insurance is expensive and farmers are battling to find solutions to the problem, says Dr Lindie von Maltitz, agricultural economics lecturer in the Faculty of Natural and Agricultural Sciences at the University of the Free State.
Staying afloat amid the cost-price squeeze
John Hudson, head of agriculture at Nedbank Commercial Banking, spoke to Glenneis Kriel about the importance of environmental and social sustainability for a prosperous agriculture sector.
Free State has no reason to mark Transport Month
Free State Agriculture (FSA) is very concerned about the extremely poor state of rural paved and gravel roads in the province and has very little, if anything, to celebrate during Transport Month, which takes place every October.
SA's food system ‘vulnerable to climate change'
The Just Transition Agenda for Food System Policymaking in SA webinar, hosted by the Institute for Economic Justice (IEJ) in October, highlighted the role that South Africa’s food system plays in contributing to climate change and how vulnerable it is to the impact thereof.
