Red meat prices to increase
The price of red meat will increases as a drought persists in farming areas.
CAPE TOWN - Agri Wes-Cape says red meat prices are set to rise by at least 15 percent in the first half of this year as a result of a drought in parts of the Northern Cape and the North West Province.
The farming body's Carl Opperman says farmers have lost millions to the drought.
"The drought, especially the effect it's having on red meat production, will see the price of red meat escalate."
At the same time Agri Wes-Cape says farming sectors are being crippled by constant fuel price increases.
The petrol price will increase by 39 cents per litre at midnight while diesel will cost 24 cents more per litre.
The increase takes the fuel price to its highest level ever, at just under R14 a litre.
This will also be the third petrol price hike since December.
Opperman says, "The foundation of every country in the world's economy is based on agriculture. If you do not look after your rural areas and farming communities, the rest of your economy will feel the pinch."