South African Agricultural Commodities Weekly Wrap – 28 July 2017.
Farmers expecting record maize harvest.
July 27, 2017
SA food producer price inflation decelerates.
July 28, 2017
This was a data parked week for grain and oilseed markets with releases that include production estimates update, producer deliveries, weekly trade figures and monthly stocks data, amongst others.
The most anticipated of all was the National Crop Estimate Committee’s sixth production estimate which showed a 2% m/m upward revision in maize production estimate to an all-time high of 15.97 million tonnes. Other commodities were left unchanged from the previous month.
In terms of market performance, all grain and oilseed commodities were under pressure with the exception of sunflower seed. For fruits and vegetables, the week has been fairly volatile, driven by changes in volumes traded.
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