The Government has just changed the constitution to give the President more power and the President commands a majority of loyal judges within the Constitutional Court.
There has been a de facto ban on wheat exports restricting access to lucrative foreign markets and depressing the local price as a result. This has been in direct violation of WTO rules who have done absolutely nothing about it.
The government is trying to “acquire” grain from farmers for food security. They are telling producers to provide the state with grain at 30% below market value.
The harsh winter and blistering summer depressed yields right across the country, it has been one of the most difficult cropping seasons I have ever experienced.
Having said all that the bullish rise in soft commodities has renewed interest from investors and the returns from farming are still there if managed correctly.
