SA agricultural sector likely to pay 3% more for diesel next month.
Agbiz Morning Market Viewpoint on Agri-Commodities: 19 April 2017
April 19, 2017
Vlermuise bespaar makadamiaboere miljoene.
April 20, 2017
The weaker ZAR/USD exchange and higher Brent crude oil prices means agribusinesses and farmers could be paying 3% more for a litre of diesel next month. Recent data from the Central Energy Fund shows that petrol (95 ULP Inland) and diesel (0.05% Wholesale Inland) prices could increase by 55 cents per litre (c/l) and 37 c/l, respectively, on 03 May 2017. This could bring the retail price of petrol up to R13.85 per litre from the current level of R13.30 per litre. Wholesale diesel price could increase to R11.87 per litre from R11.50 per litre. This coincides with a harvesting period for summer crops and a planting period for winter crops.
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