South African Agricultural Commodities Weekly Wrap
South African farmers intend to increase summer crop hectares in 2017/18 season
October 27, 2017
A welcome relief as Western Cape province could receive widespread light showers this week
October 30, 2017
This was a data-packed week for grain and oilseed markets, with the most notable release being the CEC’s intentions-to-plant data for 2017/18 summer crop production season, and winter wheat third production estimate.
From a summer crop perspective, there is optimism regarding the upcoming season with farmers intending to increase the area plantings by 1% from the 2016/17 production season to 4.03 million hectares. Meanwhile, winter wheat crop was revised down by 3% from the previous estimate to 1.66 million tonnes.
This data came after the market closed, therefore it had limited impact on this week’s prices. Overall, the market ended the week on a mixed footing, with good gains in all commodities, except sunflower seed that remained in negative territory.
The fruit and vegetable prices were volatile throughout the week with daily stock levels driving the market. The SAFEX beef carcass market remained flat throughout the week due to thinly traded volumes.
Click below to read more recent reports by Wandile Sihlobo.
South African Agricultural Commodities Weekly Wrap – 27 October 2017
