In the fruit markets, the banana price moved out of the upward trend and decreased to R11.36 per kilogram which is 9% lower week on week. The expectation is still that these higher prices can persist until the end of the year due to lower supply. Apple prices increased to R12.18, while pear prices moved sideways to R13.36 per kilogram. …
In the vegetable market, the average national potato price continued to decrease last week and is now trading 20% lower on R86.15 per 10kg bag. There was an element of low demand, but higher volumes forced these prices downward. The average large potato traded lower on R109 while smalls traded lower on R58 per 10kg bag. The average Sifra price …
In the grain market, the white maize spot price decreased to R3995, while the Jul’24 price drops to R4000 per ton. The yellow maize spot price falls to R3820, and the Jul’24 price decreases to R3910 per ton. The soybean spot price rises to R9400, with the May’24 price higher at R8795 per ton. The sunflower spot price increases to …
The average weaner calf price continues to rise and is now trading at R33.87 per kilogram, while the average A2/3 carcass price increased to R53.55. The C-grade price decreased to R46.21. A-grade prices may start rising again from mid-November and possibly reach R55 closer to Christmas. C-grade prices, on the other hand, may start rising from here until the end …
The Rand is trading a bit stronger, currently at R18.83 per US dollar, with sideways interest rate adjustments expected in the United States this week. However, if it increases, the Rand may lose ground against the Dollar. Brent oil prices decreased to $89 per barrel, but the conflict in Gaza is keeping oil prices high at the moment. If it …
In the fruit market, the banana price is currently trading on R12.46 per kilogram which is 3% lower than a year ago. The expectation is still that these higher prices can persist until the end of the year due to lower supply. Apple prices increased to R11.71, while pear prices increased sharply to R13.44 per kilogram, which is 17% higher …
In the vegetable market, the average national potato price decreased by 12% to R107 per 10kg bag and can mostly be ascribed to lower demand on the markets. The average large potato traded on R127 while the extra-large price dropped sharply to R114, smalls traded lower on R81 per 10kg bag. The average Sifra price traded on R119 and Mondial’s …
In the grain market, the White Maize spot price increased to R4120, while the Jul’24 price increased to R4182 per ton. The Yellow Maize spot price increased to R3915, with the Jul’24 price climbing to R4043 per ton. The soybean spot price increased to R9369, and the May’24 price is higher at R8690 per ton. The sunflower spot price increased …
The average weaner calf price continues to rise and is currently trading at R33.67 per kilogram, while the average A2/3 carcass price has fallen to R53.36. However, the C-grade price has increased to R46.79. I feel that A-grade prices may maintain lower levels but could start receiving support from mid-November. I do believe that C-grade prices can continue to rise …
The Rand is currently trading at R19 per American dollar, with interest rates in the United States potentially remaining higher for longer and, therefore, providing support to the Dollar. The conflict in Gaza is also keeping all investors on their toes, as everyone is now watching whether the conflict will spread to the Middle East, which could mean higher oil …
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