AGRICULTURE NEWS - Agricultural commodities have, for the most part, come off lightly amid worldwide supply chain disruptions as a result of the coronavirus disease (COVID-19) global pandemic.
Constrained demand for produce has, however, resulted in price decreases for especially those producers who normally service the hospitality industry.
Jaco Oosthuizen, CEO of the RSA Group, said that from a supply point of view, there had been no disruptions.
“But it is not business as usual. Certain product lines are under pressure, such as those that are heavily used by restaurants and hotels. Potatoes and lettuce are in oversupply since demand has tapered [off]. In the case of potatoes, many people bought large amounts before the lockdown and are only now starting to delve into those stocks.