South African Agricultural Commodities Weekly Wrap

Harvesting is underway in areas that planted early in the season.
November 2, 2017
Good news as more rainfall expected over the next two weeks
November 6, 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 South African Weather Service, in its Seasonal Climate Watch, indicated that the summer crop growing areas of the country could receive above-normal rainfall between November 2017 and February 2018. This will support crops from germination to pollination stages of development.

 

Apart from that, the market ended the week on a mixed footing. The maize and wheat prices were in positive territory partly supported by the weaker domestic currency, commercial buying interest and higher Chicago prices.

 

Meanwhile, soybean and sunflower seed prices remained under pressure due to the expected increase in area plantings in 2017/18 production season.

 

The fruit and vegetable prices were quite wobbly throughout the week with daily stock levels driving the market. The SAFEX beef carcass market remained flat this week due to thinly traded volumes.

Click below to read more recent reports by Wandile Sihlobo.

South African Agricultural Commodities Weekly Wrap – 03 November 2017

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