South African Agricultural Commodities Weekly Wrap
This was a fairly quiet week in the South African agricultural commodities markets with no major data releases. The relatively weaker domestic currency, coupled with commercial buying interest were the key drivers of the market.
Thus, leading to marginal gains across the board with the exception of the sunflower seed market which declined by 1% compared to the previous week.
The calendar for the week ahead is light with only weekly grain trade and deliveries data due for release. With that said, the weather will be a primary focus as the planting season in the summer rainfall area progresses.
Apart from this, the fruit and vegetable prices were volatile throughout the week with daily stock levels underpinning the market. The SAFEX beef carcass market remained flat throughout the week.
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