Food prices likely to drop after heavy rains

Friday, January 13, 2017

Cats and dogs: Heavy rains are expected in most parts of the Southern African region

Higher rainfall throughout parts of the country and the wet weather forecast for the period of January to March this year has given farmers hope for a bumper yield.

This is expected to lead to a drop in food prices over the course of 2017 in the southern African region, which should alleviate pressure, especially on low-income consumers further down the line.

According to Moemedi Mosele, an economist at Motswedi Securities, better regional rainfalls and low fuel prices have a high propensity to pull local food prices down.

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