The average weaner calf price continues to rise, now trading at R34.62 per kilogram, while the average A2/3 carcass price falls to R53.58. The C-grade price drops to R45.81. I still believe that A-grade slaughter prices may approach R55 by Christmas, as demand is expected to improve, and calf prices may only start to increase from mid-December onwards. As …
In the grain market, the White Maize spot price falls to R3840, while the Jul’24 price drops to R3828 per ton. The Yellow Maize spot price decreases to R3615, with the Jul’24 price falling to R3750 per ton. The soybean spot price rises to R9320, with the May’24 price higher at R8990 per ton. The sunflower spot price falls to …
In the vegetable market, the average national potato price started to increase again which was driven by lower volumes delivered on the markets. The latest price increased to R96.19 per 10kg bag with volumes 7% lower the past week. Large/medium mondials traded between R85 and R90 on the Nile platform, but we are expecting prices to remain in a downward …
Fruit markets gained a lot of momentum the past week and was mostly due to lower volumes. The banana price increased to R12.46 per kilogram and is likely to remain on a higher level until the end of the year due to lower supplies. The class 1 large hands variety price traded on R260 per 18kg box on Nile last …
The Rand strengthened significantly last week, trading at R18.20 per dollar at one point. However, it has since weakened to R18.66. The Rand’s movement is currently driven by interest rate adjustments and expected adjustment both in America and locally. However, it appears that interest rates will likely remain unchanged over the short term. Brent oil prices are decreasing to $80 …
In the fruit markets, the banana price increased slightly to R11.63 per kilogram which is 2% higher week on week. The expectation is still that these higher prices can persist until the end of the year due to lower supply. We see that apple prices are 56% higher than a year ago, trading on R12.53 while pear prices are 85% …
In the vegetable market, the average national potato price traded sideways on R86.28 per 10kg bag with volumes still on a relatively higher level which can result in lower prices this week as well. The average large potato traded lower on R106 while smalls traded higher on R62 per 10kg bag. The average Sifra price traded on R94 and Mondial’s …
In the grain market, the white maize spot price drops to R3925, with the Dec price currently at R5846 per ton. The yellow maize spot price drops to R3719, with the Jul’24 price at R3814 per ton. The soybean spot price drops to R9186, with the May’24 price lower at R8799 per ton. The sunflower spot price remains at R9150, …
The average weaner calf price continues to rise and is now trading at R34.08 per kilogram, while the average A2/3 carcass price increased to R54.09. The C-grade price increased to R47.29. Good news is that slaughter prices have already started to rise, indicating better demand. We also expect these prices to continue upward until Christmas. Weaner calf prices, however, may …
The Rand is trading much stronger and currently stands at R18.16 per US dollar, driven by a weaker US Dollar at the moment. The United States announced that they will not raise interest rates for now, which resulted in lower demand for the Dollar. Brent oil prices decreased to $86 per barrel, and concerns about the conflict in GAZA have …
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Dr Johnny van der Merwe
+27 (0)73 140 2698
info@amtrends.co.za
