The Rand remained strong over the past week, trading at R17.98 per US dollar. The US Dollar is still on weaker levels, and most analysts expect that US interest rates will not be adjusted upward which could hurt the Dollar more this week. Brent oil prices stabilized over the weekend after last week’s increases and are now trading at $81 …
Last week, I might have spoken a bit too early, as there is still relatively good demand for weaner calves, especially from maize farmers at the moment. The average price increased by about 5% during the past week, reaching R34.07 per kilogram. Calves weighing under 200kg are trading at R35.50, while those over 200kg are at R34.25. The average A2/3 …
In the grain market, the White Maize spot price has increased to R3829, while the September price rose to R3876. The Yellow Maize spot price rose to R3840, with the September price reaching R3920 per ton. The weather in America is now the primary driver for maize and soybean prices, and weather predictions indicate drier and warmer conditions, especially for …
In the vegetable market, the average national potato price stabilized and traded on R81.61 per 10kg bag while the average class 1 large-medium Mondial price traded between R85 and R90 per 10kg bag on Nile.ag. Large potatoes are relatively more expensive at the moment due to production conditions limiting its supply. More potatoes are expected on the markets from middle …
Looking at the fruit markets, the banana price stayed unchanged on R7.15 with this price remaining within a price band since the 17th week of this year. Seasonal trends indicate that this price can stay within this band until the start of November when volumes will likely be on a lower level. Apple prices decreased to R8.66 while pear prices …
Looking at the fruit markets, most prices increased on the back of better demand last week. The banana price increased R7.15 with the class 1 large hand prices on Nile.ag still trading on R160 per 18kg box. Higher volumes coupled with lower demand will most likely put pressure on this price at least until September. Apple prices increased to R8.89 …
In the vegetable market, the potato price increased again the past week and is now trading on R81.67 per 10kg bag while the average class 1 large-medium Mondial price traded between R85 and R90 per 10kg bag on Nile.ag. The average potato price is now about 77% higher than a year ago and trading at record levels for this time …
In the grain market, the spot price of white maize increased to R3602, while the September price rose to R3682. The spot price of yellow maize increased to R3660, with the September price reaching R3727 per ton. The sharp decline we saw last week, driven by increased hectares in America, was an overreaction to information that the market mostly already …
The average feeder lamb prices for wool lambs decreased last week to R42.81 per kilogram, while meat lamb prices increased to R39.50 per kilogram. The A2/3 carcass price increased to R89.27, while the C2/3 price traded at R65.20 last week. I don’t think there is much upward potential for slaughter prices at the moment, but I also don’t see them …
