# Food price index shows a decline, but South Africa's food basket remains expensive

> The article says international corn prices have eased on good harvests in the US and South America. In South Africa, rand-dollar exchange rates and higher diesel prices are contributing to persistently high consumer food costs.

- Date: 2026-11-09 · published 2026-11-11T07:39:49.555Z
- Category: weather · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/93236-food-price-index-shows-a-decline-but-south-africa-s-food-basket-remains
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Good harvests increase corn availability and pressure prices lower, while currency weakness and higher fuel costs can raise the local cost of imported grain and moving food to market.

## Read by commodity

- CORN: bearish ▼
- DIESEL: bullish ▲
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-10-30 | [U.S. grains: South America rains push soy futures down - Grainews](https://feedsoft.ai/events/33658-u-s-grains-south-america-rains-push-soy-futures-down-grainews.md) | -3.3% | -6.3% |
| CORN | 2021-12-13 | [Soybeans, corn down after rain in South America - Brownfield Ag News](https://feedsoft.ai/events/9262-soybeans-corn-down-after-rain-in-south-america-brownfield-ag-news.md) | -0.1% | +0.8% |
| CORN | 2021-01-20 | [Soybeans down for third session on South America rains; wheat, corn fall - Markets - Business Recorder](https://feedsoft.ai/events/8238-soybeans-down-for-third-session-on-south-america-rains-wheat-corn-fall-markets.md) | +3.1% | +2.1% |
| CORN | 2021-08-30 | [U.S. grains: Prices down on rains, Ida shuts grain facilities - Grainews](https://feedsoft.ai/events/45598-u-s-grains-prices-down-on-rains-ida-shuts-grain-facilities-grainews.md) | -6.1% | -11.6% |
| CORN | 2018-10-16 | [IRI Forecast Promising for South America](https://feedsoft.ai/events/62373-iri-forecast-promising-for-south-america.md) | -2.7% | -6.7% |
| DIESEL | 2017-08-29 | [EIA Gasoline and Diesel Retail Prices Update (Week Ended August 28, 2017) - Fuels Market News](https://feedsoft.ai/events/8392-eia-gasoline-and-diesel-retail-prices-update-week-ended-august-28-2017-fuels.md) | +7.6% | +12.8% |
| DIESEL | 2022-12-27 | [Benchmark diesel price down again but futures price turns higher - FreightWaves](https://feedsoft.ai/events/38423-benchmark-diesel-price-down-again-but-futures-price-turns-higher-freightwaves.md) | -4.3% | +3.3% |
| DIESEL | 2022-10-29 | [Rice To Hit ₦‎50,000 Per Bag, Find Out Why - Daily News Reporters](https://feedsoft.ai/events/7736-rice-to-hit-50-000-per-bag-find-out-why-daily-news-reporters.md) | -7.9% | -32.0% |

## Sources

- landbou.com: https://www.landbou.com/bedrywe/bedryfsake/vlo-kosindeks-wys-daling-maar-sa-kosmandjie-bly-duur-20261109-1032

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.