While Tuesdays levy cut provides some relief, the hike in fuel prices still places profit margins under pressure as higher input costs are not met by the corresponding increase in agriculture commodity prices due to the hefty domestic and global supply outlook.
This is according to Paul Makube, agricultural economist at FNB.
For example, average maize prices for March 2026 were down by a whopping 41 and 28 year-on-year at R3.288 per tonne and R3.413 p/t for the white and yellow subcategories, respectively, he writes.
