Standard Bank_ Agribusiness Biweekly Insights: Livestock Report (29 September 2023)
Livestock Namibia announced the suspension of chicken imports from South Africa until further notice. This is in response to an alarming increase in cases of bird flu reported locally. Namibia is the second biggest market for South African poultry product exports after Lesotho. During the first half of 2023, it imported 25% of South […]
Standard Bank_ Agribusiness Biweekly Insights: Horticulture Report (29 September 2023)
Horticulture The South African Table Grape Industry Association (SATI) is expected to release its 2023/24 table grape crop estimate next week. Due to the extensive rainfall and flooding that took place recently, the table grape crop estimate could most likely be revised downwards from the initial prediction. The South African stone fruit exporting season is […]
Standard Bank_ Agribusiness Biweekly Insights: Field Crops Report (29 September 2023)
Field Crops The Crop Estimates Committee released the eighth summer crop and second winter crop production estimates for the 2023/24 marketing year (MY). Maize was revised downwards by 0.1% from the previous estimate to 16.39 million tons (up by 6% y/y). Soya bean production remained unchanged at its record 2.755 million tons (up by […]
Standard Bank_ Agribusiness Biweekly Insights: Horticulture Report (15 September 2023)
Horticulture The Citrus Growers Association (CGA) and the Fresh Produce Exporters Forum (FPEF) recently announced the voluntary exclusion of oranges from the European Union (EU) market. This comes as the South African citrus season reaches its end. Today is the final inspection day of oranges destined for the EU from South Africa, excluding exports […]
Standard Bank_ Agribusiness Biweekly Insights: Field Crops Report (15 September 2023)
Field Crops The 2023/24 domestic summer crop production season is fast approaching, and maize planting should kick off on 01 October in the eastern early-planting regions. With El Niño anticipated to continue through the Southern Hemisphere mid-summer to early-autumn (January to March 2024) at greater than 95% chance, the attention of the summer crop […]
Standard Bank_ Agribusiness Biweekly Insights: Livestock Report (15 September 2023)
Livestock The major local poultry producers have warned that broiler and egg prices could remain elevated due to high feed costs, loadshedding, and the spread of bird flu. These producers highlighted that they need to pass on the higher feed and energy backup costs to end consumers to remain afloat. A renewed spread of […]
ABSA- Agri Trends: Grains and Oilseed Report: 15 September 2023
Agri Trends –Grains and Oilseed Local market focus shifts to the upcoming summer crop season. Maize: CBOT corn prices decreased by 1.1% week on week for September 12, following the release of the U.S. crop estimates which were better than expected. Corn harvest has started in the U.S., with the condition rated at 52% good […]
Competition Commission South Africa: ESSENTIAL FOOD PRICE MONITORING REPORT (SEPTEMBER 2023)
ESSENTIAL FOOD PRICE MONITORING REPORT (SEPTEMBER 2023) by the Competition Commission of South Africa Despite headline inflation reaching its lowest level since October 2021, food inflation remains at nearly double the overall inflation rate. The Competition Commission (“Commission”) therefore continues to monitor essential food prices and prices throughout the value chain to see whether consumers […]
ABSA- Agri Trends: Livestock Report: 08 September 2023
Agri Trends – Livestock Improved export prospects for South African beef Beef: The South African beef industry has gained renewed access to China and the kingdom of Saudi Arabia export markets. Class A carcass prices increased by 2.8% over the previous month while Class C carcass prices only saw […]
BFAP: Perspectives on AGRICULTURE’s PERFORMANCE in Q2 of 2023
In Summary: The agricultural sector’s growth of 4.2% in Q2 of 2023 was enabled by the field crop sector – mainly the summer crop, where volumes are expected higher in 2023 compared to 2022, offsetting the decline in prices. In the case of animal products and horticulture, revenue gains were limited and input costs remained […]
