Market Synopsis

Agri Market Synopsis – Week 07

Table Grapes
“Elephant River, As the region is slowly heading towards the end of their season, there is still a lot of volume to be packed. The overall quality and grain size in the region is still very good. Packed cultivars include Sweet Globe, Sugra 35, Timco and Crimson.  Berg River, The region is very positive about the good volume and quality of grapes that are packed. Cultivars packed include Melody, Sweet Globe, Allison, Crimson, Sugra 35 and 34, Sweet Joy and Scarlotta” – South African Tables Grapes Industry, Manufacturers Newsletter. 

Livestock
“Although decelerating to 7.2% year-on-year (y/y) in January from 7.3% in the previous month, meat inflation increased by 1.5% month on-month (m/m) despite the seasonal decline in prices at producers level. This implies no pass through to consumers as they did not benefit from the January decrease in prices across the livestock complex. The overall price trend across the livestock market was upwards in last week’s trade. Tightening supplies on the back of improved production conditions provided added support for the beef market. Poultry saw a slight rebound on limited volumes and indications of a tightening import market. Pork and bacon prices were mixed with the latter easing further on softer demand while former moved sideways for the week” – Paul Makube, FNB Agri Weekly 

Grains
“Maize, the local maize market yesterday received support for all the contracts listed for white and yellow maize. The white maize market traded R73 / ton higher for delivery in July 2021 for the day to close at R 3 133 / ton. The yellow maize market traded R67 / ton higher for delivery in July 2021 to close at R 3 253 / ton. Soyabeans, the local soybean market yesterday received support over all contracts currently listed. The local soybean market traded for delivery in May 2021, R61 / ton higher for the day to close at R7 560 / ton. Wheat, The local wheat market received support on Monday and ended stronger over all listed contracts. The local wheat market traded higher for delivery in July 2021 and closed at R 5 212 / ton” – Ikageng Maluleke, Grain SA, Market Commentary 

Mohair SA 
“The first sale of the 2021 summer season took place in Port Elizabeth today, 9 February 2021, with 53 289 kg on offer of which 97% was
sold. Although the offering of the first sale is always mixed and varied in length, the buyers actively competed for the small quantity of mohair on offer. The good competition for mohair between the buying houses has resulted in an 25% increase in the average market indicator (27% in Dollar terms) compared to the last winter sale of 2020 to close on R329.19 per kg. RMS certified mohair continued to attract the most interest from the mohair buyers. A highest price of R640.00 per kg was paid for a bale of average style 24 micron kid mohair. Compared to the previous sale, prices were as follows: Kids Up 20%, Young Goats Up 35%, Fine Adults Up 18%, Strong Adults Up 16%, Average Up 25%” – Mohair SA, Market Report Catalogue: 202101

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