Namibia: Fuel Hike Boosts Production Costs

The Managing Director of First National Bank, Vekuii Rukoro, has warned farmers they could expect higher agricultural production costs following the recent increase in oil prices and the expected increase this week.

Speaking last Friday at an information day for large stock producers at the Windhoek Show Grounds, he said the agricultural sector could face the same dilemma as the fishing sector because of the steep increase in fuel prices that at times heavily affect production costs.
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