AGRICULTURE NEWS - The negative impact of the novel coronavirus outbreak in China on the global agriculture sector, including that of South Africa, is multifaceted, according to Joseph Kau, agricultural economist at the Agricultural Research Council.
Kau said the outbreak came at a time when South Africa, through the BRICS platform, was entering new markets in China for agricultural, particularly horticulture, products.
At the same time, however, the outbreak could result in a decline in the demand for agricultural exports, especially fruit. In terms of value, wool was South Africa’s most important agricultural commodity export to China.
A decrease in China’s demand for South African agricultural exports would negatively affect the country’s capacity to generate foreign revenue.
Read the full article here on the Caxton publication, Farmer's Weekly.
