The banana price is currently trading on R11.00 per kilogram which is now 117% higher than a year ago. The expectation is that these higher prices can persist until the end of the year due to lower supply. Apple prices increased to R10.41 while pear prices increased to R10.46 per kilogram last week. Pear prices can potentially increase sharply soon …
In the vegetable market, the average national potato price spiked and increased by 21% to R107.04 per 10kg the past week bag due to 27% lower volumes. The latest price is 198% higher than a year ago while volumes are 44% lower. We also saw these high prices on the Nile platform with the average class 1 large-medium Mondial price …
In the grain market, the White Maize spot price is rising to R3930, while the Jul’24 price is up to R3979 per ton. The Yellow Maize spot price is rising to R3820, with the Jul’24 price at R3895 per ton. However, the soybean spot price is decreasing to R9343, with the May’24 price lower at R8690 per ton. Most analysts …
Looking at beef prices, the average weaner calf price has further declined to R33.77 per kilogram, lighter calves under 200kg remain stable at R34.50, while heavier calves above 250kg have sharply decreased to R31.80. The average A2/3 carcass price is stable at R52.54, while the C-grade price has risen to R45.42. Currently, it appears that lower demand may have a …
The Rand is trading at R18.76 per US dollar and both American and South African interest rates remained stable last week, as most analysts expected. However, cost-push inflation may remain at a high level due to higher fuel prices and the weaker Rand. Brent oil prices did decrease last week, now trading at $94 per barrel. This drop was driven …
The fruit markets had strong upward momentum the past week with most prices reacting positively due to lower volumes and higher demand. The banana price is currently trading on R11.48 per kilogram which is 122% higher than a year ago. The expectation is that these higher prices can persist until the end of the year due to lower supply. Apple …
In the vegetable market, the average national potato price increased to R88.81 per 10kg bag due to volumes on the markets that is still under pressure. The latest price is 122% higher than a year ago while volumes are 19% lower. Yields are less this year mostly due to loadshedding and high input costs which is keeping this market on …
In the grain market, the White Maize spot price rises to R4049, while the Jul’24 price rises to R4079 per ton. The Yellow Maize spot price rises to R3930, with the Jul’24 price rising to R4034 per ton. The Soybean spot price rises to R9740, with the May’24 price higher at R8968 per ton. News from America indicates that the …
We are still relatively positive about the beef industry, with prices possibly continuing to trend upward until the end of the year. However, the average weaner calf price decreased last week to R33.90 per kilogram. Lighter calves under 200kg decreased to R34.56, while heavier calves over 250kg increased to R32.75. The average A2/3 carcass price remains steady at R52.88, while …
The Rand is trading at R18.96 per US dollar, and this week, the US is expected to announce interest rate adjustments. Most believe it will remain unchanged, which may also keep our rates unchanged. However, we are experiencing cost-push inflation again, with oil prices rising significantly and load shedding negatively impacting the Rand. Brent oil prices increased sharply to $95 …
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