TOP NEWS: “My department will also ensure that additional resources are diverted to the Land Bank. All of 11 these efforts will complement the efforts that are in place to support emerging farmers. Food security is key” Minister of Agriculture, Land Reform and Rural Development Thoko Didiza, Budget Vote 2021
MOHAIR
“The fifth sale of the 2021 summer season took place in Port Elizabeth today, 11 May 2021, with 173 058 kg on offer of which 95% was sold. The offering consisted of good quality mohair, with slightly stronger microns and lower yields than the previous sale. Despite the fact that the SA currency traded stronger, the market remained fairly stable as the buying houses competed actively for the mohair on offer, especially to obtain RMS-certified mohair. The average market indicator decreased by 4% (unchanged in dollar-terms) compared to the previous sale to close on R389.09 p/kg. A highest price of R900.00 p/kg was paid for a bale of superstyle 23 micron kid mohair. Compared to the previous sale, prices were as follows: Kids Down 4%, Young Goats Up 3%, Fine Adults Up 1%, Strong Adults Down 5%, Average Down 4%” – Mohair SA, Market Report.
PORK
The Average Purchasing Price (excl. sows) reached R28.37/kg (in nominal terms) during Week 18 of 2021, down 1.2% from Week 17. The SAFEX Yellow Maize (R/kg) averaged R3 638/ton this week (+6%), resulting in the Purchasing Price to SAFEX Yellow Maize ratio reaching 7.6 (-10.2%). The quantity of animals sampled during this week amounted to 33 815 pigs (+6%) – South African Pork Producers Association, Domestic Carcass Price Statistics
GRAINS
“Tightening stocks and weather challenges in both South America and the US have underpinned the upswing in grain prices in the past few months. However, the good news is that the 2021/22 world maize production is now projected at a record high of 1.19 billion tons with stocks rebounding to 292 million tons which is up 5.4% and 3.1% respectively year-on-year (y/y) according to the recent USDA World Agriculture and Demand Estimates (WASDE) report. Expectations are for larger production increases in the United States, Brazil, China, Ukraine, and Argentina” – Paul Makube, FNB Agri Weekly
CITRUS
“The grapefruit growers have increased packing early in the season so as to flatten the normal peak around week 21/22. Receivers will see increased early volumes, this does not translate into increases going forward. The soft citrus focus group now predict a lower export volume for 2021 – moving down from 30.5 million to 29.4 million cartons. The main reasons for this are rain disruption and uncertainty about new plantings in Senwes, and ongoing dry conditions in Patensie. Soft citrus packed figures indicate that the satsuma season is all but finished – with packed figures of 2 077 541 cartons up (7%) on the initial 1 942 150 estimate” Citrus Growers Association, CEO’s Newsletter
