Cremora: +28%<\/li>\n<\/ul>\n\n\n\nAnalysis by Bloomberg in mid-May noted that bad weather rattled the rice market this month, driving prices of the food staple back to the cusp of 15-year highs after a period of calm.<\/p>\n\n\n\n
Supplies were already upended by sweeping export restrictions from top shipper India last year and worries that drier weather from El Ni\u00f1o would curb output in the important growing region of Southeast Asia. <\/p>\n\n\n\n
Catastrophic floods in southern Brazil added more to the jitters, Bloomberg said.<\/p>\n\n\n\n
“The grain is vital for the diets of billions of people in Asia and Africa, and the fresh surge in costs could fan inflationary pressures and raise import bills for buyers,” it said.<\/p>\n\n\n\n
Inflation data from Stats SA for April 2024 showed that sharp price increases were recorded for rice, with annual rice inflation accelerating to 26.4%\u2014the highest reading since May\u00a02009 when the rate was 41.9%.<\/p>\n\n\n\n
Looking at a full breakdown of food prices covered by PMBEJD in May 2023 vs. May 2024, it is reflected as:<\/p>\n\n\n\nItem<\/th> May 2023<\/th> May 2024<\/th> Percentage Change<\/th><\/tr><\/thead> Maize meal (30kg)<\/td> R326.20<\/td> R302.45<\/td> -7%<\/mark><\/td><\/tr>Rice (10kg)<\/td> R130.20<\/td> R175.93<\/td> +35%<\/mark><\/td><\/tr>Cake Flour (10kg)<\/td> R127.58<\/td> R129.56<\/td> +2%<\/mark><\/td><\/tr>White sugar (10kg)<\/td> R180.11<\/td> R217.82<\/td> +21%<\/mark><\/td><\/tr>Sugar beans (5kg)<\/td> R167.47<\/td> R225.22<\/td> +34%<\/mark><\/td><\/tr>Samp (5kg)<\/td> R63.57<\/td> R63.12<\/td> -1%<\/mark><\/td><\/tr>Cooking oil (5L)<\/td> R169.65<\/td> R153.89<\/td> –9%<\/mark><\/td><\/tr>Salt (1kg)<\/td> R14.60<\/td> R16.13<\/td> +11%<\/mark><\/td><\/tr>Potatoes (10kg)<\/td> R93.50<\/td> R100.90<\/td> +8%<\/mark><\/td><\/tr>Onions (10kg)<\/td> R149.29<\/td> R125.98<\/td> -16%<\/mark><\/td><\/tr>Frozen chicken portions<\/td> R399.25<\/td> R388.87<\/td> -3%<\/mark><\/td><\/tr>Curry powder (200g)<\/td> R32.35<\/td> R39.35<\/td> +22%<\/mark><\/td><\/tr>Stock cubes (24 cubes x2)<\/td> R47.55<\/td> R48.27<\/td> +2%<\/mark><\/td><\/tr>Soup (400g x2)<\/td> R43.84<\/td> R49.38<\/td> +13%<\/mark><\/td><\/tr>Tea (250g)<\/td> R25.72<\/td> R30.46<\/td> +18%<\/mark><\/td><\/tr>Full cream milk (6L)<\/td> R94.03<\/td> R95.98<\/td> +2%<\/mark><\/td><\/tr>Maas (4L)<\/td> R57.12<\/td> R61.60<\/td> +8%<\/mark><\/td><\/tr>Eggs (60 eggs)<\/td> R129.79<\/td> R165.51<\/td> +28%<\/mark><\/td><\/tr>Chicken feet (2kg)<\/td> R82.53<\/td> R81.88<\/td> -1%<\/mark><\/td><\/tr>Gizzards (2kg)<\/td> R89.31<\/td> R96.55<\/td> +8%<\/mark><\/td><\/tr>Chicken livers (2kg)<\/td> R75.95<\/td> R79.99<\/td> +5%<\/mark><\/td><\/tr>Beef liver (2kg)<\/td> R101.76<\/td> R105.41<\/td> +4%<\/mark><\/td><\/tr>Beef (2kg)<\/td> R178.09<\/td> R181.49<\/td> +2%<\/mark><\/td><\/tr>Wors (2kg)<\/td> R140.50<\/td> R137.83<\/td> -2%<\/mark><\/td><\/tr>Inyama yangaphakathi (2kg)<\/td> R87.75<\/td> R95.02<\/td> +8%<\/mark><\/td><\/tr>Fish (2kg)<\/td> R109.23<\/td> R125.56<\/td> +15%<\/mark><\/td><\/tr>Tomatoes (6kg)<\/td> R140.02<\/td> R163.44<\/td> +17%<\/mark><\/td><\/tr>Carrots (5kg)<\/td> R50.32<\/td> R49.49<\/td> -2%<\/mark><\/td><\/tr>Butternut (10kg)<\/td> R99.91<\/td> R91.15<\/td> -9%<\/mark><\/td><\/tr>Spinach (8 bunches)<\/td> R122.37<\/td> R124.14<\/td> +1%<\/mark><\/td><\/tr>Cabbage (2 heads)<\/td> R43.59<\/td> R43.94<\/td> +1%<\/mark><\/td><\/tr>Green pepper (2kg)<\/td> R61.82<\/td> R57.24<\/td> -7%<\/mark><\/td><\/tr>Cremora (800g)<\/td> R43.03<\/td> R55.24<\/td> +28%<\/mark><\/td><\/tr>Tinned pilchards (400g x6)<\/td> R140.05<\/td> R151.70<\/td> +8%<\/mark><\/td><\/tr>Canned beans (410g x6)<\/td> R82.97<\/td> R93.06<\/td> +12%<\/mark><\/td><\/tr>Bananas (4kg)<\/td> R67.39<\/td> R66.65<\/td> -1%<\/mark><\/td><\/tr>Apples (3kg)<\/td> R41.17<\/td> R44.64<\/td> +8%<\/mark><\/td><\/tr>Oranges (7kg)<\/td> R60.57<\/td> R68.89<\/td> +14%<\/mark><\/td><\/tr>Margarine (1kg)<\/td> R41.02<\/td> R40.25<\/td> -2%<\/mark><\/td><\/tr>Peanut butter (400g x2)<\/td> R67.67<\/td> R81.55<\/td> +20%<\/mark><\/td><\/tr>Polony (2.5kg)<\/td> R65.07<\/td> R67.52<\/td> +4%<\/mark><\/td><\/tr>Apricot jam (900g)<\/td> R35.20<\/td> R38.73<\/td> +10%<\/mark><\/td><\/tr>White bread (25 loaves)<\/td> R413.88<\/td> R414.90<\/td> 0%<\/td><\/tr> Brown bread (25 loaves)<\/td> R378.57<\/td> R383.57<\/td> +1%<\/mark><\/td><\/tr>Total household food basket<\/strong><\/td>R5,071.59<\/td> R5,330.30<\/td> +5.1%<\/mark><\/td><\/tr><\/tbody><\/table><\/div>Source: Pietermaritzburg Economic Justice & Dignity Group<\/figcaption><\/figure>\n\n\n\nThe May 2024 average cost of a basic nutritional food basket for a family of four persons is R3,745.15<\/p>\n\n\n\n
After accounting for electricity and transport costs, 55.8% of a minimum wage worker’s salary is already spent.<\/p>\n\n\n\n
This leaves R2,046.52 for food and other necessities.<\/p>\n\n\n\n
“PMBEJD calculates that workers\u2019 families will underspend on food by a minimum of 45,4% (having R2,046.52 left over after transport and electricity, and with food costing R3,745.15),” said the group.<\/p>\n\n\n\n
“In this scenario there is no possibility of a worker being able to afford enough nutritious food for her family. If the entire R2,046.52 all went to buy food, then for a family of 4 persons, we are looking at R511.63 per person per month [and] is below the food poverty line of R760,” said the PMBEJD.<\/p>\n\n\n\n
Read: Food security crisis for South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Food price inflation in South Africa has eased – but the price of rice has shot up, with warnings that the staple could climb higher.<\/p>\n","protected":false},"author":101,"featured_media":714094,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9876],"tags":[10839,14061,14664],"class_list":["post-774506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-food-prices","tag-pietermaritzburg-economic-justice-dignity-group","tag-pmbejd"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/774506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/101"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=774506"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/774506\/revisions"}],"predecessor-version":[{"id":774688,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/774506\/revisions\/774688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/714094"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=774506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=774506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=774506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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<\/a><\/figure>\n\n\n\n