There is a lot of new news coming to the market that could mean better prices over the medium term. But over the short term, world markets unfortunately remain under pressure with the weaker Rand that has limited the worst declines last week. The movement of the Rand will be a determining factor in where grain prices move over the …
In the beef market, the average weaner price remained at its low level last week and traded at R31.71 per kilogram. There is now a big price difference based on weight, quality, and breed, and it is a good indicator of limited demand and high supply. For example, red calves with short ears which is a more Bos Taurus breed …
In the fruit markets the banana prices continued to decrease to R7.06 the past week while 17% higher volumes were reported. We are expecting this price to stay under pressure over the next few months as more volumes are expected. The class 1 extra-large hands variety price stabilized on R170 per 18kg box on the Nile.ag platform. Apple volumes increased …
On the fresh markets we are heading into the middle parts of the month which, especially after the long weekends, could result in lower demand and lower prices in general. The latest potato price increased last week to R56.64 per 10kg bag and is still well above the levels of last year while the average Mondial price increased to R56.57. …
In the grain market, the White Maize spot price increased to R3573 on Monday, while the July price increased to R3593. The yellow maize spot price increased to R3660 while the July price increased to R3720 per tonne. The soybean spot price also stabilized and traded upwards at R7500 with the July price increased to R7661 per tonne. China had …
In the beef market, the average weaner price fell by approximately 5% to R31.79 per kilogram mostly due to a major player who is currently not in the market. Prices may bounce back a bit over the short term, but slaughter prices unfortunately remain under pressure which could limit any upward movements. The A2/3 carcass price decreased by 2% with …
In the fruit markets there we didn’t experience the effect of the higher demand with most fruit prices coming under pressure. Banana prices decreased by 19% to R7.31 the past week while 24% higher volumes were reported. The banana price usually decrease during the winter months due to volumes trending upward which can mean that the price can stay under …
On the fresh markets we had a definite increase in demand over the past week due to the long weekend, but also due to the holidays. The latest potato price moved sideways despite higher volumes and traded on R53.35 per 10kg bag while the average Mondial price increased to R52.92. The class 1 medium Mondial price traded between R57 and …
In the grain market, the White Maize spot price remained sideways week on week and traded at R3532 while the July price increased to R3501. The yellow maize spot price decreased to R3615 while the July price decreased to R3655 per tonne. There is not much news that can make the markets trade higher at the moment with big crop …
In the beef market, the average weaner price fell to R33.53 per kilogram, which is 1.76% lower than the previous week. The expectation is that prices should remain on a lower over the next month but may start to increase again from June. The A2/3 carcass price also decreased with the latest price on R55.52 while the c-grade price decreased …
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