SA Competition Commission approved the proposed merger of Partrige to acquire Target Business. Kaap Agri Ltd is controlled by Patridge which owns Forge Agri providing services such as farming requisites (e.g., fertiliser, pesticides, feeds, and tools), animal health and handling products, dairy consumables, packaging materials (e.g., carton boxes, box linings, labels), steel and fencing products, lubricants, gardening products, and seeds.
“The fourth sale of the 2021 summer season took place in Port Elizabeth today, 13 April 2021, with 173 039 kg on offer of which 97% was sold. The offering consisted of good quality mohair, with a highest price of R910 p/kg paid for a bale of 23-micron super style kid mohair. The competition amongst the buying houses were strong throughout the day as the demand for mohair remains consistently strong. RMS certified mohair was once again the most sought-after mohair offered on the sale today. The average market indicator increased by 3% (increased by 6% in dollar terms) from the previous sale, to close on R406.93 p/kg despite the stronger SA currency. Compared to the previous sale, prices were as follows; Kids Up 3%, Young Goats Up 1%, Fine Adults Down 1%, Strong Adults Up 9%, and Average Up 3%.” Mohair SA, Market Report
Fresh Produce Markets
“The biggest gainer in the fruit complex was mangoes with a 30.7% week-on-week (w/w) increase at R20.88/kg, which is 2.8% higher year-on-year (y/y). Next were avocados with an increase of 8.7% w/w and a whopping 59.3% y/y at R14.18/kg. Bananas also saw good gains on the back of strong uptake across markets. Weekly banana prices finished the week 5.3% w/w and 30% y/y higher at R9.83/kg. On the downside were pears, apples, and grapes with decreases of 10.6%, 7.5%, and 2.8% respectively w/w. Grape prices fell by almost 22% y/y at R14.17/ kg. The recent export outlook on grapes indicates a strong finish to the season with shipments so far up 11% y/y for the season to week 14 of 2021 at 70.04 million cartons.” Paul Makube, FNB Agri Weekly
“Apples exported amounted to 1.1 million cartons (12.5kg), representing a sharp increase of 163% relative to the shipments last year in the same week. Cumulative volumes increased by 6% y/y bringing the total to 6.67 million cartons. Pear shipments were at 635 616 cartons (12.5kg), with cumulative volumes decreasing by 4% y/y to 6.8 million cartons. Exports to the Russian Federation and the UK amounted to 117 925 cartons and 31 452 cartons, respectively.” Noluthando Ngwenya, Standard Bank Bi Weekly Report.
Tractor and Combine Harvester
“March tractor sales of 601 units were almost 30% more than the 463 units sold in March last year. Year-to-date tractor sales are almost 29% up on last year. In March there were 27 combine harvester sales, one more than the 26 units sold in March last year. On a year-to-date basis combine harvester sales are now 6% down on last year. Estimates for the 2021 calendar year are quite encouraging, with tractor sales likely be up to 15% higher than in 2020.” Karel Munnik, South African Agricultural Machinery Association
“Maize; Local maize futures came under pressure and traded lower yesterday. July white maize contracts traded R24 lower and closed the session off at R3153/ton. July yellow maize futures traded R 25 lower and closed the session off at R3274/ton. Maize exports for the week ending April 9 were 43 221 tons for white maize and 4 984 tons for yellow maize.
Soyabean; local soybean futures also traded lower yesterday. May soybean contracts traded R74 lower and closed the session off at R7137/ton.
Wheat: local wheat futures traded mixed, but mostly lower during yesterday’s session. July wheat futures traded R26 lower and closed the session off at R4854/ton. Wheat exports for the week ending April 9, totalled 48 283 tons, bringing the cumulative total to date at 785 409 tons.” Ikageng Maluleke, Grains SA Market Commentary