Grain prices double on drought effects
Friday, June 17, 2016
He said the maize prices have more than doubled from the previous year, which will ultimately lead to the rise in food prices.
“Food prices will also rise as a result of these rising grain prices. The final consumer will find it more expensive at retail shelf to buy maize-meal and sorghum meal,” Seitshiro said.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...