South Africa needs to open up grain market
South African maize
farmers are going to suffer as long as there are only limited markets,
for the country’s grain and maize prices lie below the costs of
production, an industry official said on Tuesday.
Jane McPherson,
manager of farmer development of industry group, Grain SA, said low
prices and higher input costs would hurt farmers’ ability to service
debts and re-invest.
“We need to be able to expand our market for grains. The farmers
cannot afford to borrow because the price of producing is too high,”
she told an Agribusiness Investment Summit in Durban.
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