South Africa - Potato prices see a rise due to frost damage

30.08.2024 715 views

Data from Potatoes SA indicates that the average national price for potatoes in South Africa experienced a 15% increase in the week leading up to August 28, following a severe black frost event in Limpopo province. This region, known for its contribution to the potato market, especially from July to December, faced its harshest frost in recent years, resulting in significant crop losses. Consequently, the price for a 10 kg bag of potatoes escalated to R85.31 from R74.24 in just one week, with areas such as Nelspruit and Cape Town witnessing prices nearing R100 per bag.

This price hike is notable against the backdrop of South Africa's recent food inflation trends, where July saw a deceleration to 3.9% from 4.1% in June, marking the lowest rate since January 2020. Additionally, consumer inflation in the country decreased to 4.6% year-on-year in July, down from 5.1% in June, reaching a three-year nadir. The country, which ranks as the third-largest potato producer in Africa with a 2023 output of 2.4 million tons, behind Egypt and Algeria, relies heavily on potatoes as a staple food, alongside maize meal and bread.

Source - https://www.freshplaza.com

21.05.2026

India - ₹247 crore released to provide UP farmers’ crop insurance

UP govt approved Rs 450 crore subsidy as part of the National Crop Insurance Programme (NCIP), a crucial protective measure for farmers amid instances of crop damage caused by inclement weather. 

21.05.2026

Philippines - Pioneer sees growing demand for ‘sachet-style’ insurance

Pioneer Group of Companies sees rising demand for “sachet-style” insurance products as climate-related risks heighten vulnerabilities among low-income communities in the Philippines.

21.05.2026

USA - San Joaquin cherry crop hit by heat and rain damage

Cherry growers across California are reporting major crop losses following early-season heat and rain events that affected fruit set, quality, and harvest conditions during the 2026 season.

21.05.2026

Foreign Investors Target Nigerian Insurance Firms Ahead of Recapitalisation Deadline

Foreign investors are increasingly seeking majority stakes in Nigerian insurance companies ahead of the sector’s recapitalisation deadline, reflecting growing confidence in the industry’s long-term growth prospects and expected market consolidation.

21.05.2026

Flood damage adds new pressure on South Africa’s agriculture sector

South Africa’s agriculture sector is facing mounting pressure from recent floods in the Western Cape and other parts of the country, even as prospects for strong harvests in several subsectors remain positive, according to the Agricultural Business Chamber of South Africa (Agbiz).

21.05.2026

Philippines - Capisnon farmers receive indemnity checks from PCIC, boosting agricultural recovery efforts

A total of 384 farmers from the municipalities of Dao, Cuartero, and Dumarao received indemnity checks from the Philippine Crop Insurance Corporation during a distribution event held on May 19, at the Cuartero Civic Center.

20.05.2026

Georgian spring frosts damage seasonal fruit crops

April frosts have seriously damaged seasonal fruit crops in Georgia, according to agronomist and farmer Akaki Glonti, who commented on the situation amid continuing price growth.

20.05.2026

USA - New Jersey declares State of Emergency and seeks Disaster designation after April freeze causes USD 300 million in crop losses

New Jersey declared a State of Emergency on May 20, 2026, and requested a federal Disaster designation after freezing temperatures between April 19 and 22 caused widespread agricultural damage across the state during a critical growing stage.