The prices of oranges have slightly dropped following the ripple effect from the congestion at the port of Durban. The price decrease also comes after the recent unrest in parts of the country and the recent cyberattack on Transnet.
According to the Citrus Growers’ Association, farmers in the northern parts of the country were told to stop harvesting and packaging fruit in an attempt to ease the pressure due to the logjam at Durban port, Bussiness Insider reports.
Managing director of agricultural information group Agrimark Trends, Johnny van der Merwe indicated that oranges were being discarded at fresh produce markets, with volumes increasing by 13% in one week, as per Fresh plaza.
“In the citrus market, the latest orange prices decreased to R3.08 per kilogram where volumes delivered to local markets increased by 13% week on week; mostly due to logistical issues and export constraints,” Van Der Merwe was quoted saying.
Meanwhile, the recent expiration of import tariffs that protected the South African potato industry from dumping means that we are now at risk of below-cost frozen French fries flooding the market.
The renewal application known as a sunset review, for anti-dumping tariffs for another five years would not be done in time, Eminetra reported.