news-details

Potato prices spike 15% in a week after black frost hits Limpopo crop

South African potato prices have jumped 15% on average over the past week, data from an industry group showed on Wednesday, after black frost destroyed crops and tightened supplies in Limpopo province, a major producing region.

Potatoes are a major starchy staple in South Africa, alongside maize meal and bread. The country produced 2.4 million tons of potatoes in 2023, making it the third-biggest producer in Africa, after Egypt and Algeria.

Average national prices jumped 15% in the week to 28 August, data from Potatoes SA showed. The average price of 10 kg of potatoes was R85.31 on Wednesday, up from R74.24 a week ago. Sharper price increases were recorded in Nelspruit and Cape Town, where a bag of potatoes is selling for almost R100.

Prices started rising sharply above the seasonal average during the last two weeks of July, according to the data.

Related Posts
Advertisements
Market Overview
Top US Stocks
Cryptocurrency Market