Traditionally over Black Friday you would expect demand to pick and prices that will increase. This is unfortunately not the case in the fresh produce markets. Demand shifts more to tech products and soft drinks and if there is slightly better demand, consumers are looking for specials, so prices don’t usually react upward. I therefore don’t think is will support …
The reduction in interest rates last week created positive sentiment in the meat industry as it has a direct positive impact on the disposable income of the market’s consumers. We expect that the extra money now available to the higher LSM groups will increase demand, particularly for sheep and then beef. The rain and better expected grain season also naturally …
The white maize spot price dropped week-on-week to R6,030, while the Jul’25 price rose to R4,233. The yellow maize spot price dropped week-on-week to R4,810, with the Jul’25 price now at R3,855 per ton. The soybean spot price dropped week-on-week to R9,002, while the May’25 price is at R7,500 per ton. The sunflower spot price dropped week-on-week to R10,698, with …
The Rand traded sideways last week and is currently at R18.04 against the US dollar despite the recent interest rate change. Interest rates were adjusted down by only 25 basis points last week, which may have been a very conservative adjustment. I feel it was the right decision considering there is a lot of potential for inflation to rise again …
The average banana price stayed on a higher level as expected and traded on R14.27 per kilogram or R257 per 18kg box and is now 11% higher than a year ago. We still expect prices to remain on a relatively higher level until the end of the year due to supply that can remain under pressure. All the out …
As expected, the average national potato price increased last week and traded 13% higher on R71.72 per 10kg and was 6% lower than a year ago while total volumes were about 9% lower year on year. Last week, large potato prices traded higher on R86, mediums traded on R67, and smalls on R50 per 10kg. Mondials traded higher on R72 …
As expected, the national average weaner calf price has risen, with prices for calves between 200 and 250 kg now at R33.22 per kilogram. Private sales traded at R33.06 per kg last week for this specific weight class, which is now about 6% lower than a year ago when it was at R35.34 per kilogram. Lighter calves under 200 kg …
The white maize spot price rose week-on-week to R6,320, while the July ’25 price rose to R4,061. The yellow maize spot price increased week-on-week to R4,931, with the July ’25 price now at R3,871 per ton. The soybean spot price rose week-on-week to R9,099, while the May ’25 price stands at R7,450 per ton. The sunflower spot price fell week-on-week …
The Rand faced significant resistance against the Dollar over the past week, currently trading at R18.09 to the US Dollar, with the Dollar being much stronger. This, of course, had a major effect, particularly on our grain prices. The latest Brent crude oil price dropped over the past week, now sitting at $71.56 per barrel. The Russia-Ukraine conflict has escalated, …
The average banana price increased by another 2% to R14.23 per kilogram or R256 per 18kg box and is now 14% higher than a year ago. We still expect prices to remain on a relatively higher level until the end of the year due to supply that can remain under pressure. All the out of season fruits jumped the …
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