Policymakers implement blunt trade measures without addressing cost drivers, studies show
Large-scale commercial farmers have benefited from new technology but it is also valuable for small-scale farms. Picture: 123RF/KOSTIC DUSAN
It serves little purpose to protect potential market monopolies, other forms of inefficiencies in the value chain including poor infrastructure and services, or boost local production where SA does not have the natural resource base.
Regarding the relative pricing of vegetable oils, palm oil trades at much lower prices in international markets than any of the other major vegetable oils. This relationship is not expected to change, despite the current spike in vegetable oil prices. Palm oil is not only a low-cost alternative to many other vegetable oils but yields up to 10 times more oil per unit area than other oilseed crops.
Localisation strategies should be based on improved competitiveness, from the farm to the processing and retailing of the product. In this regard, the production of soya beans and canola has already increased rapidly through the introduction of high-performing cultivars, best farming practices and major investments in the processing and handling of canola and soya beans. However, the production of sunflower seed has concomitantly declined, and the local value chain is in distress.
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