Looking at the fruit markets however, the banana price increased by 8% week on week with significantly lower volumes reported. The latest price increased to R7.11 the past week and is 23% higher than a year ago. We are expecting this price to stay in a downward trend in June and July due to higher expected production levels while lower …
Last week lower volumes were reported for almost all commodities due to the shorter trading week with volumes likely to bounce back this week again. In the vegetable market, potato volumes on the markets decreased by 16% with the potato price currently trading on R73.38 per 10kg bag, which is 65% higher compared to last year. The slight decline in …
The white maize spot price sharply rose over the long weekend to R3800, while the July price increased to R3821. The yellow maize spot price increased sharply to R3855, while the July price rose to R3890 per ton. These increases are entirely driven by dry weather in North America’s Corn Belt, making it a supply-driven market at the moment. Demand …
Looking at the livestock industry in South Africa, the demand for beef remains significantly under pressure, putting pressure on the entire industry. As a result, we saw weaner calf prices remain at lower levels last week, trading at R30.47 per kilogram. The expectation is still that weaner calf prices may gradually start to rise as we move towards August, as …
Looking at the fruit markets however, the banana price increased slightly week on week with lower volumes also reported. The latest price increased to R6.56 the past week while the large hand variety price on Nile.ag stayed sideways on R160 per 18kg box. We are expecting this price to stay in a downward trend in June and July due to …
Looking at the vegetable market, the potato price increased by 12% to R74.13 per 10kg bag, with volumes decreasing by only 1%. We are seeing constant demand for potatoes in these difficult times for consumers with potatoes regarding as a staple food on the markets. Slightly lower volumes therefore has a significant upward effect on prices obtained over the last …
The white maize spot price decreased week on week to R3610, while the July price dropped to R3630. The yellow maize spot price decreased to R3665, with the July price falling to R3711 per ton. American weather still looks favorable, and expectations are that it may improve over the next month or so, which could further pressure prices. China’s demand …
Looking at the livestock industry in South Africa, especially in extensive sectors such as sheep and cattle, there is immense pressure on producers’ cash flow and profitability due to lower prices and particularly the significantly increased indirect input costs over the past 3 years. Unfortunately, we saw the weaner calf prices remain at lower levels last week, but at least …
In the fruit markets we are still seeing most prices remaining well above last year’s levels due to production constraints but also due to the weaker Rand which is still forcing export prices higher. The banana price however remains close to last year’s levels, with much more volumes on the markets compared to a year ago. The latest price stayed …
Looking at the vegetable market, the potato price increased to R66.47 per 10kg bag, about 51% higher than last year. We are still well above last years levels with prices likely to stay higher due to lower expected volumes over the next month or two. The class 1 medium Mondial price traded between R75 and R80 per 10kg on the …
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