Positive outlook for agricultural exports

A predicted change in weather patterns could bring some relief to southern African agricultural producers who have recently seen production and export revenue losses due to severe drought. “Long term weather forecasts predict a 55- 60% chance of the current El Niño weather pattern transitioning into a reverse weather pattern known as La Niña,” said First National Bank (FNB) senior agricultural economist, Paul Makube. He added that were was therefore a high probability of above-normal rainfall early in spring this year, which would result in improved agricultural production. Makube told FTW Online that, weather permitting, agricultural producers should be able […]

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