Today the focus is on producer deliveries data
SA agricultural employment up by 1% y/y in Q2, 2018
August 1, 2018
Producer deliveries data reflects good progress in maize harvest process
August 2, 2018
- At midday SAGIS will release an update of the producer deliveries for the week of 27 July 2018. This will offer an indication of the harvest progress across the country. To recap, about 51 percent of the expected commercial harvest of 13.2 million tonnes had already been delivered to commercial silos in the third week of July. The yields in most regions varied between average and above-average.
- Given that weather conditions were fairly favourable in the past couple of weeks over the maize-belt, today’s data will most likely show an uptick from the delivery of 746 087 tonnes in the week of 20 July 2018. Moreover, the harvest process could proceed with minimal interruptions throughout the month as the weather forecasts show cool and drier weather conditions over the maize-belt.
- Furthermore, the aforementioned expected harvest of 13.2 million tonnes (13.8 million tonnes if we include non-commercial maize production), combined with carryover stock from last season boosted South Africa’s 2018/19 marketing year maize supplies to 16.7 million tonnes, which is higher than the local demand of 10.8 million tonnes. This implies that the SAFEX maize prices could remain at relatively lower levels in the near term.
Click HERE to read the full report by Wandile Sihlobo
