South African Agricultural Commodities Weekly Wrap

South Africa could receive above normal rainfall during the 2017-18 summer season
November 23, 2017
Warm weather conditions have allowed for good progress in winter wheat harvest activity
November 27, 2017

South African Agricultural Commodities Weekly Wrap

The weather remains a primary focus in the South African agricultural markets as planting progresses in the summer rainfall areas. The incoming data continue to paint a positive picture for the 2017/18 production season, with a possibility of above normal rainfall between November 2017 and February 2018.

 

The Australian Bureau of Meteorology recently raised the probability of a La Niña occurrence this summer to around 70%, which is treble the normal likelihood.

 

Overall, this was a quiet week in the domestic agricultural commodities markets with no major data releases. The fruit and vegetable prices were volatile throughout the week with stock levels underpinning the market. The SAFEX beef carcass market remained flat this week due to thinly traded volumes.

 

Next week, the National Crop Estimate Committee will release its fourth production estimates for winter crops. This could show a decline in the wheat crop estimates owing to drier weather conditions (and lower yields) in the Western Cape province.

 

Click below to read more recent reports by Wandile Sihlobo.

South African Agricultural Commodities Weekly Wrap – 24 November 2017

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