South African Agricultural Commodities Weekly Wrap: 23 March 2018
Fair amount of rainfall in some sections of the maize belt over past two days
March 22, 2018
SA’s Agriculture: Immediate, short, to medium-term view – 26 March 2018
March 26, 2018
South African Agricultural Commodities Weekly Wrap
Following a week of dryness in most parts of South Africa, the weather conditions improved significantly over the past three days. The country’s summer crop growing areas have already received over 20 millimetres of rainfall which should improve soil moisture and benefit the new season crops.
These developments support the National Crop Estimates Committee’s view of a fairly good summer grain and oilseed harvest in the 2017/18 production season (albeit lower than the last), compared to expectations at the start of the season.
The week ahead is data packed, but the most anticipated release is the Committee’s second crop estimates. Meanwhile, the grain and oilseed market ended this week on a mixed footing. Maize contract month prices experienced losses compared to last week, whereas wheat, soybean and sunflower seed prices recorded notable increases.
Aside from grains and oilseeds, the fruit and vegetable prices were volatile this week with large daily stock levels underpinning the market. The SAFEX beef carcass market experienced another quiet week with prices unchanged from levels seen last week.
Full report by Wandile Sihlobo available below.
South African Agricultural Commodities Weekly Wrap 23 March 2018
