Operations last week were constrained by congestion, inclement weather, equipment breakdowns and shortages.
But further fuel price cuts and potential interest rate cuts bode well for the sector.
The value of merchandise imports decreased while that of merchandise and net gold exports increased.
If positive sentiment holds, a stronger rand will lead to lower import prices and scope for an interest rate cut in September.
Industry considers measures unscientific and unnecessarily restrictive since SA has an effective risk management system in place.
Port officials are focusing on better understanding the farm-to-export supply chain to improve cargo handling efficiencies.
The Kenyan government is working to make sea freight of agricultural exports more efficient and bring down costs.
‘B100’ cashew nut shell oil (CNSL) is being trialled as a 30% constituent in fuel blends.
Tariff cuts cause chicken imports to soar to record level.
Cargo handling at the country’s ports bounced back last week after inclement weather choked throughput in the first week of June.
Growers have expanded their market share in the Middle East, Far East and Africa.
The easiest answer to ‘how high can rates go?’ would be to point to the maximum level seen during the pandemic. – Sea-Intelligence.
