The grain market has seen very interesting and volatile price movements over the past few years. One thing that stands out for me is that during La Niña years, we almost got used to maize, soy, and sunflower prices rising as we move towards the middle of the year. This was driven by drier weather in North and South America, …
In the cattle industry, we observed that A-grade prices traded an average of 10% lower compared to last year, while weaner calf prices were 11% lower during 2023. Consumers have faced increasing pressure due to higher interest rates and the weaker Rand, which pushed inflation and general expenses higher. We also saw more animals in the market as the herd …
A year ago, the Rand was trading around the R17 mark per Dollar but ended 2023 closer to R19. The weaker Rand was driven by a stronger Dollar due to rising interest rates in America. The weaker Rand was also influenced by load shedding and problems with ports, not forgetting the Lady R scandal in the middle of the year. …
On average we are seeing 43% higher prices in the fruit markets compared to a year ago mostly due to 33% lower volumes and the weaker Rand that is forcing higher export prices. The banana price also stayed on a higher level of R12.57 per kilogram and is 69% higher compared to last year while volumes are 41% lower year …
In the vegetable market, most volumes traded increased which is an indication of better demand as everyone is getting ready for the festive season. The potato price increased to R74.43 per 10kg bag due to higher demand, which 11% higher week on week while volumes increased by 10%. Large potatoes traded on R97 with mediums on R69 last week. Interesting …
The Rand weakened to R19.01 per US dollar due to the stronger Dollar, driven by figures indicating that their interest rates might stay higher for longer than initially expected. Demand for the Rand is still negatively affected by load shedding and logistical disruptions. On the other hand, Brent oil prices have further declined to $77 per barrel, driven downward by …
In the grain market, the white maize price fell to R4400, while the Jul’24 price decreased to R4255 per ton. The yellow maize spot price dropped to R4100, with the Jul’24 price falling to R4086 per ton. The soybean spot price decreased to R9119, with the May’24 price lower at R9110 per ton. The sunflower spot price dropped to R9312, …
The average weaner calf price increased week-on-week to R35.65 per kilogram, with the highest prices in Natal and Mpumalanga at R37. The Free State and the Eastern Cape currently have the lowest prices at R34.25 and R34, respectively. Good news is that the average A2/3 carcass price is rising to R54.59, with the C-grade price also higher at R48.24. For …
The average weaner calf price rose to R35.17 per kilogram last week, while the average A2/3 carcass price increased to R53.55. However, the C-grade price dropped to R47.38. It still seems that A and C-grade prices may continue to rise, and calf prices may trade upward again from mid-December. The feeder lamb price increased to R37.26 per kilogram, and …
In the grain market, the White Maize spot price sharply rises to R4571, while the Jul’24 price increases to R4390 per ton. The Yellow Maize spot price rises to R4108, and the Jul’24 price increases to R4091 per ton. However, the soybean spot price decreases to R9508, with the May’24 price higher at R9312 per ton. The sunflower spot price …
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