Looking at the fruit markets, the banana price increased by another 8% the past week and is currently trading on R11.49 per kilogram which is 121% higher than a year ago. The current volumes on the markets is 47% lower than last year which is driving these extremely high prices now. The expectation is that these higher prices can persist …
In the vegetable market, the average national potato price increased by another 11% to R86.16 per 10kg bag while the average class 1 large-medium Mondial price traded between R92 and R97 per 10kg bag on Nile.ag. Yields are less this year mostly due to loadshedding and high input costs which is keeping prices on a high level. We are however …
In the grain market, the White Maize spot price rises to R3915, while the Jul’24 price rises to R4075 per ton. The Yellow Maize spot price rises to R3860, with the Jul’24 price rising to R3960 per ton. The soybean spot price may also not maintain high levels and trades lower at R9563, with the May’24 price lower at R8795 …
The average weaner calf price decreased last week to R34.10 per kilogram. Calves under 200kg are down to R35.31, calves between 200kg and 250kg are lower at R34.28, while calves over 250kg are trading at R32.60. The average A2/3 carcass price moved sideways to R53.06, while the C-grade price decreases to R46.46. I still feel that calf prices may rise …
The Rand is trading a bit stronger at R19.02 per US dollar due to investors having more risk appetite increasing the demand for the Rand. Supply and demand continue to play a significant role in Brent oil prices, stabilizing at $90 per barrel on Monday morning. Lower global production still drives prices upward, while concerns about lower demand counteract the …
Looking at the fruit markets, the banana price increased by another 9% the past week and is currently trading on R10.64 per kilogram which is 120% higher than a year ago. The current volumes on the markets is 45% lower than last year which is driving these extremely high prices at the moment. Apple prices increased to R9.79 while pear …
In the vegetable market, the average national potato price bounded back last week and increased by 8% to R77.55 per 10kg bag while the average class 1 large-medium Mondial price traded between R86 and R91 per 10kg bag on Nile.ag. The average price is now 73% higher than a year ago with volumes that are well below last years levels, …
In the grain market, the White Maize spot price is currently at R3660, while the Jul’24 price increased to R3906 per ton. The Yellow Maize spot price increased to R3649, with the Jul’24 price increasing to R3844 per ton. The Soybean spot price decreased slightly at the end of last week, trading at R9540, with the May’24 price lower at …
In the Livestock industry this week, the average weaner price increased to R34.47 per kilogram. During the same time last year, calves were trading at R36.26 per kilogram, which was about 5% higher. Calves under 200kg are now trading at R36.29, calves between 200kg and 250kg at R34.96, while calves over 250kg are trading at R32.87. The average A2/3 carcass …
The Rand is currently trading at R18.77 per US dollar, which is slightly weaker than last week. The markets are now waiting for movements in both US and local figures that will determine growth, inflation, and interest rate change going forward. Brent oil prices broke through the price ceiling last week, with the latest price at $88.80 per barrel. Lower …
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Dr Johnny van der Merwe
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info@amtrends.co.za
