The average national potato price decreased by 11% to R46.44 per 10kg and dropped by 30% the past month. The average price on the Joburg market decreased to R46 per 10kg while the average mondial price decreased by 16% to R43, Sifra’s lower on R52 and Lanorma’s on R46 per 10kg. I think that the price can stabilize this week …
In the fruit market, the banana price increased by 7% to R10.43 per kilogram or R188 per 18kg box. I still think we are close to a peak for banana prices which can start to decrease after the Easter Weekend and as we move into the winter months. The latest apple price increased to R8.41 with the pear price …
Calf prices have been under significant pressure in the past month. This week was no different, with calf prices 2% lower at R31.54 per kilogram, already 7.5% lower than a year ago. The average price in the Eastern Cape and Central Free State dropped to R30.50, and breeding animals are particularly under pressure, with heifers already below the R30 mark …
In the grain market, we see that the White Maize spot price rose to R5295 on Monday while the Jul’24 price rose to R5270 per ton. The Yellow Maize spot price rose to R4280 while the Jul price rose to R4230 per ton. Soybean spot price rose to R8655 with the May’24 price higher at R8730 per ton. The Sunflower …
Brent oil prices have remained relatively high this week and are now trading at $86 per barrel with geopolitical tensions creating a lot of uncertainty about supply. The Rand has also not moved much, trading at R18.96 per Dollar. There are interest rate announcements this week in South Africa that may provide more direction, but the expectation is mostly that …
Looking at prices on the fresh produce markets, the average national potato price decreased by 8% to R51.91 per 10kg. The average price on the Joburg market decreased to R51 per 10kg while the average mondial price also traded on R51, Sifra’s on R55 and Lanorma’s on R56 per 10kg. We are still in a downward trending price with prices …
In the fruit market the banana price increased by 18% to R9.74 per kilogram or R175 per 18kg box. I still think we are close to a peak for banana prices which can start to decrease after the Easter Weekend and as we move into the winter months. The latest apple price decreased to R8.14 with the pear price 9% …
Over the past week, we’ve seen further declines in weaner calf prices, this time by about 3% to R32.32 per kilogram, which is 5% lower than a year ago. The average price in the Eastern Cape is down to R31, while in the Eastern Free State, it currently stands at R32.37. We can expect another R2 drop in calf prices …
In the grain market, we see the White Maize spot price rising to R5287 while the Jul’24 price rises to R5183 per ton. The Yellow Maize spot price also rises, but not as much as white maize, trading at R4290 while the July price also rises to R4290 per ton. Soybean spot price rises on Monday to R8540 with the …
Brent oil prices surged on Monday and are now trading at $86 per barrel, with geopolitical tensions particularly in Ukraine and the Gaza Strip creating uncertainty about supply. The Rand weakened to R18.82 per US dollar with inflation in America remaining high, which could keep interest rates high in America and thus prompted additional demand for the Dollar.
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Dr Johnny van der Merwe
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info@amtrends.co.za
