South Africa's Q2 Farm Exports Hit Record $4.1 Billion as US Shipments Jump 56%
Updated
Updated · polity.org.za · Sep 7
South Africa's Q2 Farm Exports Hit Record $4.1 Billion as US Shipments Jump 56%
3 articles · Updated · polity.org.za · Sep 7
Summary
$4.1 billion in South African agricultural exports in Q2 marked a record for the period, with total shipments up 10% from a year earlier.
Higher export volumes, firmer prices and improved performance at Cape Town port drove the gain, while shipments to the US rose 56% from Q1 as the effective tariff rate fell to 12.5% from 30%.
African markets still took the biggest share of exports, accounting for 40% of shipments, underscoring the sector's reliance on regional demand even as US sales recovered.
Agriculture remains a rare bright spot for South Africa's economy, but the export outlook faces geo-economic tensions and possible El Niño-driven dryness that could curb next season's grain and produce harvests.