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South African fresh produce value chain remains rarefied, report finds

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Manage episode 424450092 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
GUEST – Derrick Bowles - Principal Analyst at the Competition Commission
Some points of accord with the industry – the need to ringfence income generated by fresh produce markets and to invest in its ailing infrastructure – and some points sure to ruffle feathers in the Competition Commission's provisional report on its wide-ranging inquiry into the fresh produce value chain, from the price of seeds and water rights to retail floor space.
The domestic fresh produce market is estimated at over R53 billion (2.7 billion euros) annually, of that about R21 billion (1.08 billion euros) is sold through the national wholesale markets and R32 billion (1.6 billion euros) through formal retail.
The Commission has previously investigated allegations of price fixing by several market agencies, but since the matter is currently before the Competition Tribunal, it was left out of this inquiry. Practices by market agents such as stock reservation and reserve buying and credit sales could distort price discovery, it notes. Kaya FM
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168 episodes

Artwork
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Manage episode 424450092 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
GUEST – Derrick Bowles - Principal Analyst at the Competition Commission
Some points of accord with the industry – the need to ringfence income generated by fresh produce markets and to invest in its ailing infrastructure – and some points sure to ruffle feathers in the Competition Commission's provisional report on its wide-ranging inquiry into the fresh produce value chain, from the price of seeds and water rights to retail floor space.
The domestic fresh produce market is estimated at over R53 billion (2.7 billion euros) annually, of that about R21 billion (1.08 billion euros) is sold through the national wholesale markets and R32 billion (1.6 billion euros) through formal retail.
The Commission has previously investigated allegations of price fixing by several market agencies, but since the matter is currently before the Competition Tribunal, it was left out of this inquiry. Practices by market agents such as stock reservation and reserve buying and credit sales could distort price discovery, it notes. Kaya FM
  continue reading

168 episodes

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