In the grain market, the White Maize spot price has decreased to R3575, while the Jul’24 price drops to R3820 per ton. The Yellow Maize spot price decreases to R3600, and the Jul’24 price drops to R3800 per ton. The soybean spot price rises to R9100, with the May’24 price higher at R8600 per ton. The better weather in America …
Many thanks to all the market agents participating in our weekly survey, where we get a very good idea of cattle, sheep, and pork prices across the country. It’s all about providing more accurate information to everyone. Please feel free to contact me if you would also like to participate. The data shows that the average weaner calf price has …
Looking at the fruit markets, the banana price broke through upper resistance levels and increased by 14% the past week to R8.67 per kilogram. The class 1 hands large price also traded higher on Nile.ag last week and increased to R200 per 18kg box. Higher prices were driven by lower volumes and deliveries on the markets decreasing by 15% the …
In the vegetable market, the average national potato price decreased to R76.62 per 10kg bag while the average class 1 large-medium Mondial price still traded between R80 and R85 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 …
The Rand is currently trading at R18.96 per US dollar, which is in line with last week’s exchange rate. The weaker Rand over the past two weeks is still a result of the Dollar being much stronger. Brent oil prices have once again hovered around the $87 mark this past week, and we see that there is a lot of …
Looking at the fruit markets, the banana price stayed sideways on R7.59 with this price still within the same price band since the 17th week of this year. The class 1 hands large price traded higher on R190 per 18kg box on Nile.ag last week. My feeling is that higher volumes in August and September can keep prices on a …
In the vegetable market, the average national potato price decreased to R77.98 per 10kg bag while the average class 1 large-medium Mondial price also traded slightly lower and ranged between R80 and R85 per 10kg bag on Nile.ag. As expected, volumes started to increase on the markets, which pushed prices slightly lower the past week. My feeling is that prices …
In the grain market, the White Maize spot price rose to R3691, while the Jul’24 price increased to R3927 per ton. The Yellow Maize spot price rose to R3697, with the Jul’24 price reaching R3888 per ton. The Soybean spot price increased to R9075, with the May’24 price higher at R8484 per ton. There are better prospects for rain and …
The average weaner calf price encountered some resistance this past week and dropped slightly to R34.59 per kilogram. Calves under 200kg are trading lower at R36.15, while calves over 200kg are also lower at R34.54. The average A2/3 carcass price traded sideways at R51.82, while the C-grade price declined to R45.95 last week. Expectations are still that slaughter prices may …
The Rand has significantly weakened in the past week and is now trading at R18.55 per US dollar. I believe this was due to the Dollar gaining support from the latest figures indicating that the US economy might not be as stagnant as previously thought, which raises the possibility of interest rate hikes being discussed. It will be interesting to …
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Dr Johnny van der Merwe
+27 (0)73 140 2698
info@amtrends.co.za
