Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

Food prices in the spotlight

Sep 21 2012 14:36 Sapa

Related Articles

Petrol, food prices main inflation risks

FNB: Signs of food price rise

Another food crisis looms - expert

US drought: Obama calls for new farm bill

Absa warns on food security

World food prices stabilise

 
Cape Town - Cabinet has asked an inter-ministerial committee to make proposals on food pricing in response to fluctuations and feared shortages brought on by the severe drought in the United States.

The committee would, among other things, review the integrated food security strategy, National Agricultural Marketing Council CEO Ronald Ramabulane told a briefing on Friday on cabinet's fortnightly meeting.

"The immediate issue is now that this drought in the US, which is probably the worst drought in 30 years, that has impacted drastically on the price of grains and it will impact on the price of meat as well," he told reporters.

"So that is the major concern that we have. We will come back as soon as possible with a review cabinet can approve."

In a statement, cabinet said the committee should "urgently discuss proposals on how to proceed and submit immediate, medium- and long-term policy proposals".

*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.
inflation  |  sa economy  |  food prices
NEXT ON FIN24X

 
 
Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...