Agbiz/IDC Agribusiness Confidence Index Improves in Q1, 2018
Agri SA Media Release: The land debate continues on a positive note at the Grain SA congress
March 12, 2018
Maize crop in fairly good condition across country
March 13, 2018
The Agbiz/IDC Agribusiness Confidence Index improved by 9 points to 58 in the first quarter of 2018, after declining to levels below 50-points mark in the last quarter of 2017 .
The survey was conducted between 21 February and 01 March 2018. Therefore, the overall results are somewhat reflective of broader positive sentiment following recent political developments, tail-end benefits of robust agricultural output in the 2016/17 production, as well as favourable weather conditions for the 2017/18 summer crop growing areas of the country. About two-thirds of the responses were however received before the National Assembly adopted the motion on land expropriation without compensation, so it remains to be seen if this development will have an impact on agribusiness confidence.
Click here for the Agbiz/IDC Agribusiness Confidence Index for Q1, 2018 results and headline data (excel).
