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GDP for agriculture above average

According to the latest Absa Agri Trends released on 5 February 2016 “BFAP reported that, despite the impact of the drought, the GDP for agriculture is expected to remain above average for the past three years. The impact of the weakening rand contributes more to the GDP than the decrease in overall agricultural production due to the drought. Agricultural product prices are expected to remain high until 2017. A recovery in agricultural production, combined with high prices, may include a future record gross production value for Agriculture for the next production season.” To read the report, click HERE.

Published on Monday, 15th February 2016 - 09:27

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