South African Agricultural Commodities Weekly Wrap.

Arithmus — Fri, 15 Sep 2017 10:22:59 +0000

Apart from the United States Department of Agriculture’s World Agricultural Supply and Demand Estimates report, and domestic weekly grain trade and producer deliveries data, this was a fairly quiet week in the South Africa agricultural commodities markets.

The marginal uptick in grains and oilseeds prices was largely supported by the relatively weaker domestic currency and commercial buying.

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The week ahead could present more of the same as the data calendar is quite light with only weekly grain trade and deliveries data due for release.

For fruits and vegetables, the week has again been volatile with daily stock levels underpinning the market. The SAFEX beef carcass market ended the week on a quiet note with prices unchanged from the previous week due to thinly traded volumes.

Click here for the Agbiz Morning Market Viewpoint on Agri-Commodities – 14 September 2017.

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SA Agricultural Market Viewpoint 25 March 2019

Deidre Carter — Mon, 25 Mar 2019 08:28:11 +0000

The situation in Mozambique is devastating. Tropical Cyclone Idai, which hit the coastline of Mozambique on 14 March has caused a heavy loss of lives and affected many people. One of the key concerns over the coming days will be food insecurity, due to damage to both crop fields and port infrastructure.
Mozambique is generally a net importer of major grains, such as maize, wheat and rice, although a smaller volume in maize. In a normal season, the country imports roughly 100 000 tonnes of maize, 700 000 tonnes of rice, and 680 000 tonnes of wheat to fulfil its domestic needs. Given that the production of rice and wheat is relatively negligible, the current weather-induced devastation will not lead to meaningful changes in import requirements of these commodities, but maize imports will most likely increase.
SAGIS monthly data which is due for release this week will present South Africa’s grain and oilseed usage, trade, and stocks data for February 2019.
On 26 March 2019, the Crop Estimates Committee (CEC) will release its second production estimates for maize (white and yellow), sunflower seed, soybeans, groundnuts, sorghum and dry beans. We expect a downward revision in maize and sunflower seed production estimate due to unfavourable weather conditions in the western parts of the country.

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oilseeds – Agri Limpopo

South African Agricultural Commodities Weekly Wrap.

SA Agricultural Market Viewpoint 25 March 2019