The banana price increased to R12.89 per kilogram and is still trading significantly higher than a year ago. Apple prices decreased to R13.48 while pear prices increased to R15.76 per kilogram. I however feel that Apple prices can stay on these price levels over the next 4 weeks while pear prices can start to decrease slightly. The orange price stayed …
The potato price continued to decrease this week with the average national potato price on R66.75 per 10kg bag mostly due to volumes increasing by about 8% week on week. Interesting to note is that last year this time the potato price were 78% lower on R37.50. Extra-large potatoes traded on R105 while the average small potato prices decreased to …
In the grain market, the White Maize spot price falls to R4266, while the Jul’24 price rises to R4238 per ton. The Yellow Maize spot price increases to R4020, with the Jul’24 price rising to R4005 per ton. The soy spot price rises to R9519, with the May’24 price higher at R9180 per ton. The sunflower spot price increases to …
The Rand lost significant ground again towards the end of last week due to the Reserve Bank’s decision to keep interest rates steady, currently trading at R18.90 per US dollar. Brent oil prices were highly volatile last week, ending at $82 per barrel due to concerns about lower demand overshadowing other factors.
The average weaner calf price dropped by 2% last week to R34.69 per kilogram, while the average A2/3 carcass price decreased to R53.28. However, the C-grade price increased to R47.59. It still seems that A and C-grade prices may continue to rise, and calf prices might trade upward again from mid-December. The feeder lamb price declined to R36.95 per …
The banana price increased to R12.83 per kilogram and is still trading significantly higher than a year ago with volumes over the last 3 months almost halve that of last year. This can keep prices on a higher level until the end of the year. Apple prices increased to R13.50 while pear prices increased to R14.89 per kilogram. I however …
There was significant resistance on the potato price this week with the average national potato price 21% lower on R76.02 per 10kg bag despite volumes staying basically unchanged. Extra-large potatoes traded on R106 while the average small potato prices decreased to R54 per 10kg bag. Looking at cultivar prices, Sifras traded on R94, mondials on R76 and lanormas on R66 …
In the grain market, the White Maize spot price increases to R4199, while the Jul’24 price rises to R4128 per ton. The Yellow Maize spot price rises to R3913, with the Jul’24 price increasing to R3995 per ton. The soybean spot price falls to R9297, with the May’24 price lower at R8960 per ton. The sunflower spot price drops to …
The Rand initially weakened last week and then strengthened significantly, currently trading at R18.27 per US dollar. The stronger Rand is now driven by the weakening Dollar, as there is an expectation that their interest rates may move sideways, and the upward movement is now a thing of the past. Brent oil prices decreased to $81 per barrel due …
The average weaner calf price rises by 2% to R35.34 per kilogram, while the average A2/3 carcass price increases to R54.96. The C-grade price also rises to R46.36. It seems that A-grade prices could be above R55 by Christmas and possibly rise to R57 as demand is expected to improve. Calf prices may dip in the short term, but it …
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