Agrilimpopo
Thursday March 29th, 2018
The potatoes market had a good run in yesterday’s trade session, with the price up by 6 percent from the previous day, closing at R46.30 per pocket (10kg). This was due to lower stocks of 615 492 pockets (10kg bag) at the start of the session.
Tuesday April 3rd, 2018
One factor that we are watching closely over the long weekend is weather as it could still affect the soybean crop, both late-planted and on-time-planted areas. In the last week of March 2018, there were fears that the rainfall could cause crop damage, as a large part of the crop has already matured.
Wednesday April 4th, 2018
The South African wheat market had a good run at the start of this week and settled in positive territory. This was mainly underpinned by the weaker Rand against the US Dollar, as well as higher Chicago wheat prices.
Thursday April 5th, 2018
If the forecast rainfall within the next eight days materialises, then the expected warm conditions in two weeks’ time will be a much-needed breather, particularly for areas that planted on time or earlier in the season. The crop is currently in good condition and could show further improvement in the coming weeks.
Friday April 6th, 2018
Trade aspects remain an important factor in the market as South Africa is a net importer of wheat. The wheat import tariff has triggered again on 20 March 2018 to R293.74 per tonne. The previous trigger was on 13 February 2018, which then, was calculated at R394.85 per tonne.
Monday April 9th, 2018
One of South Africa’s key objectives behind the expansion of the soybean crushing plants was import substitution of soybean oil and oilcake. The country has made notable progress on both products as imports have been on a decline in the past few years due to increasing domestic production.