Category: Markets

FNB wheat predictions

International markets: After a bearish start to last week on the back of China’s retaliation to the latest round of US further tariffs on Chinese imports, grain and oilseed prices closed the week on a softer note in the maize and wheat markets.  The increased volatility in currency markets due to talk of China devaluing […]

Read more
fruit and veg markets trading

The recent seasonal rains and the subsequent further improvement in dam levels in the Western Cape bodes well for the fruit and vegetables produced under both the dryland and irrigation production systems. Overall WC dam levels for the week ended 05 August 2019 reached 61.4% full, which slightly ahead of the 50% achieved during the […]

Read more
fnb agriculture commodities

International: Grain and oilseed markets on the international markets continued to be pressured by the ongoing US-China trade spat with President Trump indicating late last week that he would impose a temporary 10% tariff on the remaining US$300 billion Chinese imports. Commodities also saw losses with crude oil futures falling 8% last Friday. Meanwhile, the […]

Read more
fnb vegetable markets

Last week’s vegetable prices showed moderate to sharp declines across the board as demand slipped towards mid-month despite a substantial contraction is supplies across markets. The vegetable complex saw losses across most commodities with lettuce and carrots leading the pack and finished down by a whopping 19.5% and 18.5% respectively week-on-week (w/w) at R11.67/ kg […]

Read more
fruit and veg markets trading

Last week saw a strong rebound in both the fruit and vegetable markets on good uptake across most commodities during the month end period. Vegetable prices closed last week moderate to sharply higher across the board despite a substantial increase in volumes across markets. The biggest weekly gainers in the vegetable market were lettuce, tomatoes, […]

Read more
fruit and veg markets trading

After posting losses across the board in the week earlier, weekly vegetable prices rebounded with moderate to sharp gains on the back of reduced volumes for most commodities under review. Butternuts, carrots, and tomatoes were however the exception and finished mostly lower under pressure due to the increased volumes across markets. Tomatoes recorded the biggest […]

Read more
An upswing in global pork prices as ASF decimates the Chinese herd

The recent trend international pork market shows the market has responded swiftly to the African Swine Fever (ASF) induced shortages with major exporters raising their exports to China. In the European Union (EU), monthly pork exports to China were reported up 63% year on year (y/y) and accounted for 43% of the overall 218,900 tons […]

Read more
Fruit prices still show an upward trend y/y

Vegetable price posted losses during the May 2019 month end with most of the commodities analysed posting down across the fresh produce markets. Fruits were however the exception with most commodities under review posting moderate to sharp gains as volumes contracted. In the vegetable market, the biggest losers in last week’s trade were butternuts, carrots […]

Read more
fruit and veg markets trading

Statistics South Africa delivered bad news on the health of the country’s economy in their latest release of the gross domestic product (GDP) data. South Africa’s 1st quarter GDP contracted by 3.2% q/q on a seasonally-adjusted and annualised basis, the worst performance since the financial crisis. Agriculture’s GDP surprised with massive contraction of 13.2% q/q seasonally-adjusted […]

Read more