In the grain market, the white maize spot price decreased to R3600 last week, while the Jul’24 price decreased to R3864 per ton. The yellow maize spot price dropped to R3616, and the Jul’24 price decreased to R3830 per ton. However, the soybean spot price remains at a high level, trading at R9635, with the May’24 price higher at R9000 …
In the meat industry this week, the average weaner calf price stabilized at R34.21 per kilogram. Calves under 200kg traded at R35.75, calves between 200kg and 250kg at R33.69, while calves over 250kg traded at R32.95. The average A2/3 carcass price mostly traded sideways at R52.60, while the C-grade price dropped to R46.13. Compared to the same time last year, …
Looking at the fruit markets, the banana price increased the past week to R9.75 per kilogram while Apple prices increased to R9.55. Pear prices decreased to R9.46 per kilogram last week with all these prices likely to stay in an upward trend for the rest of the year. The latest orange price decreased to R3.45 per kilogram while Avo prices …
In the vegetable market, the average national potato price decreased to R71.63 per 10kg bag while the average class 1 large-medium Mondial price decreased to between R75 and R80 per 10kg bag on Nile.ag. Tomato prices stayed on a lower level and traded on R5.44 per kilogram while the national average carrot price decreased to R5.10 per kilogram. As mentioned, …
The Rand strengthened significantly over the weekend and is currently trading at R18.57 per US dollar after a lower-than-expected inflation rate provided the South African Reserve Bank with room to maintain its current interest rate stance. South Africa’s annual inflation rate fell further to a two-year low of 4.7% in July, which was below market forecasts of 5%. It is …
In the vegetable market, the average national potato price decreased to R72.81 per 10kg bag while the average class 1 large-medium Mondial price decreased to between R75 and R80 per 10kg bag on Nile.ag. The price moved below support levels and moved into a downward trend as a result which is mostly driven by higher supply to the markets at …
Looking at the fruit markets, the banana price broke through upper resistance levels the past two week and increased by 8% the past week to R9.31 per kilogram. The class 1 hands large price also traded higher on Nile.ag last week and increased to R230 per 18kg box which is mostly driven by lower supplies. Supplies are about 33% lower …
In the grain market, prices have traded very unpredictably over the past few weeks, but looking at the longer-term prices, they have mostly traded sideways, especially when it comes to maize. The White Maize spot price rose to R3675 last week, while the Jul’24 price increased to R3959 per ton. The Yellow Maize spot price rose to R3695, while the …
In the livestock industry this week, the average weaner calf price has dropped to R34.08 per kilogram. Calves under 200kg were also slightly lower at R35.97, with calves over 200kg also lower at R33.84. The average A2/3 carcass price mostly traded sideways at R52.68, while the C-grade price increased to R46.30. Compared to last year, the A2/3 price is currently …
The Rand is currently trading at R19.04 per American dollar. The weaker Rand of the past few weeks is still due to the Dollar trading much stronger due to possible further interest rate hikes that could be announced soon. This could also cause our local interest rates to be adjusted upwards. However, the Chinese government has lowered interest rates to …
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